As a student, the Post Secondary Education Account (PSEA) was something that confused me. It was money that I didn’t know I had, and I was inclined to use the funds, but was not sure how. For those who are as blur as I was about your Post Secondary Education Account, here is a quick 60 second guide on what you need to know so that you can better spend your PSEA money!
What Is The PSEA Account?The PSEA consists of any unused Edusave funds that was previously in the Edusave account. When the account holder is 16 years old, money from the education account is automatically transferred into the PSEA account.
With the PSEA account, you get an interest of 2.5% per annum, and this account will be held until you are 30 years old.
At the age of 30, any remaining funds you have
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