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.

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 $1.50 each
Interac® e-Transfers sent $1.50 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals (outside Canada, U.S. and Mexico) $5 each

Minimum Balance to Waive Transaction Fees

Not Applicable

Recordkeeping Options

Paperless: FREE
Monthly Statement: $2.00
Cheque Image Return: Not Applicable
Recordkeeping Fee Waived with Minimum Monthly Balance of $1000

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.

 

 

 

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® e-Transfers sent $1.50 each
Interac® ATM withdrawals $1.50 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals outside Canada, U.S. and Mexico) $5 each

Minimum Balance to Waive Transaction Fees

$25,000

Recordkeeping Options

Paperless: FREE
Monthly Statement: $2.00
Cheque Image Return: Not applicable
Recordkeeping Fee Waived with Minimum Monthly Balance of $25,000

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.

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

Additional Fees

Interac® ATM withdrawals $1.50 each
Interac® e-Transfers sent $1.50 each
Cirrus© ATM withdrawals (inside U.S. and Mexico) $3 each
Cirrus© ATM withdrawals (outside Canada, U.S. and Mexico) $5 each

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).

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

1. Eligible contribution limits is up to $5,500 annually (effective January 1, 2016).
 

 

 

 

 

 

 

 

Personal Account Selection Brochure