Institution profile · Domestic bank (Schedule I)

First Nations Bank of Canada

ActiveFirst Nations Bank of CanadaCDIC

First Nations Bank of Canada is a Schedule I bank with its registered office on Yellow Quill First Nation land in Saskatoon. It received its charter in 1996 and opened its first branch in 1997.

Profile facts checked October 30, 2026

Mitey the Yeti peeking out from behind the First Nations Bank of Canada index cards

Cheapest everyday account$227 a yearInfinity Account

Best posted savings rate0.15%First Nations High Interest, on $10,000

Deposit protectionCDICDomestic bank (Schedule I)

At a glance

Legal name: First Nations Bank of Canada
Type: Domestic bank (Schedule I)
Head office: Saskatoon, SK
Founded: 1996 — Received its Bank Act charter in November 1996.
Regulator: Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
Cheapest everyday account: Infinity Account — $227 a year for the Everyday example
Best posted savings rate: 0.15% on $10,000 (First Nations High Interest)
Website: www.fnbc.ca

Deposit protection

CDIC member (names include FNB, FNBC and FNB Trust).

Names CDIC lists for this member: First Nations Bank, FNB, FNBC, FNB Trust, FNB Trust Services.

First Nations Bank of Canada chequing accounts and what they cost

First Nations Bank of Canada lists 6 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Infinity Account at $227 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
Account	Monthly fee and waiver	Included	Fees a year
Elders PlanSeniors	No monthly fee	Unlimited	$24
Student AccountStudents	No monthly fee	Unlimited	$24
Infinity Account	$16.95/mo, or $0 with a $4,000 minimum balance	Unlimited	$227
Select Service	$29.95/mo, or $0 with a $5,000 minimum balance	Unlimited	$359
Value Plus Account	$11.95/mo, or $0 with a $3,000 minimum balance	25 a month	$455
Value Account	$3.95/mo, or $0 with a $1,500 minimum balance	12 a month	$547

First Nations Bank of Canada savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
Account	Rate at $10,000	Monthly fee
First Nations High Interest	0.15%	No monthly fee
High Interest Savings Account	0.15%	No monthly fee
High Interest Tax Free Savings AccountTFSA	0.15%	No monthly fee
Everyday Savings Account	0.05%	No monthly fee
Youth AccountYouth (18 and under)	0.05%	No monthly fee

On the official lists

Computed from OSFI’s list (file dated October 1, 2026) and CDIC’s member list, checked October 30, 2026
Legal entity	OSFI list	CDIC member
First Nations Bank of Canada	OSFI — Schedule I domestic bank	Yes

Facts, with sources

Received its Bank Act charter in November 1996; first branch opened in Saskatoon in September 1997.
Source: online.fnbc.ca
Registered office on the Yellow Quill First Nation at 22 4th Avenue South, Saskatoon.
Source: fnbc.ca

Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip

Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank First Nations Bank of Canada’s accounts against everyone else’s.

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