FATCAT Account
Youths up to and including 13 years of age

fatcatFATCAT is a pretty cool guy. He knows all about saving money and he can show you some special secrets.

The FATCAT account is a NO-FEE savings account. This means that it does not cost you anything each month to save money. PLUS when you do save money in your account, Equity actually pays you!

The FATCAT savings account is designed for Equity CU members up to and including 13 years of age. If your child is under 14, they can make deposits, check their balance and ask for a statement. But to take money out or move it around, only you can do that – unless you give consent for your child to do it themselves.


  • Interest paid monthly
  • Interest calculated on minimum monthly balance
  • No service charges
  • Option of passbook or quarterly statement
  • Term deposits available – minimum deposit $500
  • Bonus interest rates provided – 1/4% above posted rates
  • Protected by Financial Services Regulatory Authority of Ontario (FSRA)

Don’t Forget…
You also get to have a MemberCard with your FATCAT account. That means that you can access your money lots of places. But don’t spend it all at once.


Headstart Account
Youths 14 and up to and including 17 years of age

HeadStartSet your kids up for the future with good money habits with a Headstart account at Equity Credit Union. Encourage your kids to get ahead with Headstart, a bank account designed specifically for children that pays interest and has no fees.

Headstart is both a savings and transaction account designed specifically for kids. It earns interest, and has no monthly or transaction fees, allowing your child’s money to grow.

You choose how much control your child has over their account:

  • If they’re a teenager (14 to 17 years old), they can open and manage their own Headstart account, like make deposits, take money out and move money around. Or if they already have a Headstart account, they can take over managing the account with your consent.

Once your child turns 18, we’ll need to move them to a full share account.

Financial Services Regulatory Authority of Ontario (FSRA) helps keep Ontario’s credit unions safe and sound by providing deposit insurance and regulating their activities. Learn more about FSRA.