Savings account · First Nations Bank of Canada
First Nations High Interest: fees and true cost
First Nations Bank of Canada’s First Nations High Interest lists 0.15% interest and no monthly fee. On $10,000 that’s about $15 a year before tax, at the posted rate.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
Mitey reads First Nations Bank of Canada’s First Nations High Interest rate sheet: $15 a year on $10,000.
What interest does First Nations High Interest from First Nations Bank of Canada pay?
First Nations High Interest lists 0.15% interest with FCAC. On $10,000 that is about $15 a year before tax, with no monthly fee, #17 of 25 savings accounts offered nationwide by interest after fees. Eligible deposits are insured by CDIC up to $100,000 per category. Rates as listed on November 1, 2026; promotional rates may differ.
Is First Nations High Interest the best place for savings?
- Versus the top posted rate: on $10,000, 30 Day Notice Savings Account (EQ Bank, 3%) would pay about $285 more a year after fees.
- Or lock it in: a 1-year GIC at 3.75% (Oaken Financial, posted November 2, 2026) would earn $375 on $10,000, against $15 here — but the money is locked in for the year.
Interest at different balances
| Balance | Rate | Interest a year |
|---|---|---|
| $1,000 | 0.15% | $2 |
| $10,000 | 0.15% | $15 |
| $50,000 | 0.15% | $75 |
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.15% |
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $5.00 |
| Online or mobile bill payment | $5.00 |
| Interac e-Transfer | $1.50 |
| Online transfer between your accounts | $5.00 |
| Own-bank ATM withdrawal | $5.00 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | $5.00 |
| In-branch withdrawal | $5.00 |
| Bill payment in branch | $5.00 |
| Cheque (as a payment) | Not available |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | Not stated |
| Overdraft protection, monthly | Not stated |
| Overdraft protection, per use | Not stated |
| Overdraft interest | Not stated |
Notes from the institution
N/A
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Other savings accounts at First Nations Bank of Canada
- Everyday Savings Account — 0.05% interest
- High Interest Savings Account — 0.05%–0.15% (tiered) interest
- High Interest Tax Free Savings Account — 0.15% interest
- Youth Account — 0.05% interest
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · First Nations Bank of Canada’s product page
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