Savings
Our Savings Plans
Whether you're saving for a special purchase or creating an emergency fund, our savings accounts offer greater flexibility than other short term savings and investment options and are a perfect complement to your First Nations Bank chequing account. Just determine the size of your account balance and whether growth is more important. It's that easy.
First Nation
Ideal for customers looking to maintain their account on reserve in addition to more competitive interest rates and don't require regular access to savings
Transactions Included
$5 each1 waived if maintain a $25,000 balance2
Additional Fees
Interac® ATM withdrawals $2 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals outside Canada, U.S. and Mexico) $5 each
Interac® e-Transfers sent $1.50 each
Interac® e-Transfers sent money request3 $1.50 each
Interac® e-Transfers fulfill request for money FREE
Minimum Balance to Waive Transaction Fees
$25,000
Recordkeeping Options
Paperless: FREE
Monthly Statement: $2.00
Recordkeeping Fee Waived with Minimum Monthly Balance of $25,000
Additional Features
Interest calculated daily and paid monthly.
The Bank does not offer legal or tax advice. Where appropriate, you should consult a professional, such as a lawyer or an accountant, for legal or tax advice.
First Nations Term Deposit also available.
1. Debit transactions are withdrawals, transfers, cheques, pre-authorized payments, bill payments, Interac® Debit purchases, the debit portion of Interac® and Cirrus© ATM withdrawals, and Interac® e-Transfers.
2. Minimum monthly balance must be maintained throughout the calendar month to qualify for fee waiver or rebate. Fees subject to change.
3. Applies if Interac e-Transfer money request is fulfilled
Every Day
Ideal for customers who want frequent access to their account and savings on fees.
Transactions Included
1 FREE debit transaction1 per month
Transfers2 are FREE
Additional transactions $2 each
Additional Fees
Interac® ATM $2 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals (outside Canada, U.S. and Mexico) $5 each
Interac® e-Transfers sent $1.50 each
Interac® e-Transfers sent money request3 $1.50 each
Interac® e-Transfers fulfill request for money FREE
Minimum Balance to Waive Transaction Fees
Not Applicable
Recordkeeping Options
Paperless: FREE
Monthly Statement: $2.00
Recordkeeping Fee Waived with Minimum Monthly Balance of $10004
Additional Features
Convenience of Preauthorized Transfer Service
1. Debit transactions are withdrawals, transfers, cheques, pre-authorized payments, bill payments, Interac® Debit purchases, the debit portion of Interac® and Cirrus© ATM withdrawals, and Interac® e-Transfers.
2. Transfers to First Nations Bank personal Canadian Dollar chequing or savings accounts registered in the same customer name using the transfer function are free. Transfers between accounts done by way of cheque or Interac® e-Transfer will be treated as debit transactions.
3. Applies if Interac e-Transfer money request is fulfilled.
4. Minimum monthly balance must be maintained throughout the calendar month to qualify for fee waiver or rebate. Fees subject to change.
High Interest
Ideal for customers looking for a more competitive interest rate and don't require regular access to savings
Transactions Included
$5 each1 waived if maintain a $25,000 balance2
Additional Fees
Interac® ATM withdrawals $2 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals outside Canada, U.S. and Mexico) $5 each
Interac® e-Transfers sent $1.50 each
Interac® e-Transfers sent money request3 $1.50 each
Interac® e-Transfers fulfill request for money FREE
Minimum Balance to Waive Transaction Fees
$25,000
Recordkeeping Options
Paperless: FREE
Monthly Statement: $2.00
Recordkeeping Fee Waived with Minimum Monthly Balance of $25,0002
Additional Features
Interest calculated daily and paid monthly
1. Debit transactions are withdrawals, transfers, cheques, pre-authorized payments, bill payments, Interac® Debit purchases, the debit portion of Interac® and Cirrus© ATM withdrawals, and Interac® e-Transfers.
2. Minimum monthly balance must be maintained throughout the calendar month to qualify for fee waiver or rebate. Fees subject to change.
3. Applies if Interac e-Transfer money request is fulfilled
Youth
A great daily interest account for those starting out and under the age of 19! This account provides monthly interest at competitive rates, unlimited transactions each month and free record keeping.
Transactions Included
Unlimited
Includes 5 free Interac® e-Transfers
Additional Fees
Interac® ATM withdrawals $2 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals (outside Canada, U.S. and Mexico) $5 each
Interac® e-Transfers sent $1.50 each
Interac® e-Transfers sent money request2 $1.50 each
Interac® e-Transfers fulfill request for money FREE
Minimum Balance to Waive Transaction Fees
Not Applicable
Recordkeeping Options
Paperless: FREE
Monthly Statement: FREE
Cheque Image Return1: $2 per month
Additional Features
Interest calculated daily and paid monthly
1. Cheque Image Return only available with statement recordkeeping option (not paperless).
2. Applies if Interac e-Transfer money request is fulfilled
Tax Free
Grow your savings faster with this high-interest, tax-free account. You pay no tax on investment income and you can withdraw money at any time with no tax penalty.1
Transactions Included
No fee for Debit transactions
Additional Fees
Interac® e-Transfer - Not Applicable
Interac® ATM withdrawals - Not Applicable
Cirrus© ATM withdrawals - Not Applicable
Minimum Balance to Waive Transaction Fees
Not Applicable
Recordkeeping Options
Paperless: FREE
Monthly Statement: FREE
Cheque Image Return: Not Applicable
Additional Features
Term Deposits can be held within the plan
Convenience of Preauthorized Transfer Service
