My 17 year old daughter works at Tims and only spends her tips. She has paid for her grade 12 European tour trip and has some set aside for her first year at NSCC for next year, but would like to do something more productive with her other savings. Due to her age she can not start an RRSP, which was her first thought, nor open a TFSA which was my first thought. She is currently with PC financial and they are giving her 2.5% for new deposits that she puts into her savings, which is where she transfers all of her money once its deposited by work, but that ends the end of February. Is there anything out there for a 17 year old other than a savings account that may get 1%?