Youth dividends
Growing their savings
A reflection of our values
Youth dividends are part of our cooperative culture. They reflect our values, especially sharing. We want to motivate kids to grow their savings by helping them reach their goals. It's our way of empowering them to become financially independent and getting them into the habit of saving.
What's a youth dividend?
The youth dividend is an annual $10 lump sum our 5- to 17-year-old members can receive if they meet the eligibility criteria and if 7 or more deposits have been made to their eligible Desjardins everyday account during the reference year.
Bonus
The youth dividend includes an additional $15 for members ages 12 to 17 if they make 7 deposits and have an eligible Desjardins savings account or product. That means they could earn up to $25 in youth dividends.
When are youth dividends paid out?
The reference year is from January 1 to December 31. Youth dividends are paid in June of the following year. For example, 2022 youth dividends will be paid in June 2023.
Eligibility criteria
Youth dividend: 5- to 17-year-olds
To be eligible for the $10 dividend, young members must:
- Be at least 5 years old on January 1 and at most 17 years old on December 31 of the reference year
- Have an eligible and active everyday account on December 31 of the reference year and when the youth dividend is deposited in June of the following year
- Make 7 or more deposits during the reference year
Bonus: 12- to 17- year-olds
To be eligible for an additional $15 dividend, young members must:
- Be at least 12 years old on January 1 and at most 17 years old on December 31 of the reference year
- Meet the youth dividend requirements
- Have an eligible and active savings account or product on December 31 of the reference year
Deposits: good to know
- There are no minimum deposit or minimum balance requirements.
- Desjardins money transfers are eligible too so friends and family can also help kids reach their savings goals!
Saving, a habit that pays off
Frequently Asked Questions
- The youth dividend is for members of a Desjardins caisse in Quebec or members of Desjardins Ontario Credit Union Inc. who meet all the conditions. Each member can qualify for 1 dividend per year. Offer subject to change without notice.
- The Student Caisse Account is no longer offered but remains eligible.