Ensure you have the financial security to face an uncertain future. We offer a broad range of savings products at competitive rates with no hidden fees or monthly charges to help you reach your financial goals. Simply visit our office, and a member of our team will help you open a savings account that best accommodates your needs.
Our savings services include:
FIXED DEPOSITS
We offer Fixed Deposits at attractive interest rates.
- Minimum deposit EC$2,000
- 12 Months 2.75% per annum
- 24 Months 3% per annum
- 36 Months 3.25% per annum
REGULAR SAVINGS
- Minimum opening balance of EC$20
- Competitive interest rate of 2.5% per annum paid quarterly
- No monthly charges
- Free Deposits and Withdrawals
- No Permanent Shares required
SUPER SAVERS
- Monthly subscription Account of minimum EC$20
- Attractive interest rate of 3% per annum credited semi-annually
- No fines applicable
SMART SAVERS
It's never too early to begin saving!
- For children between the ages of 0 & 18 years
- Interest rate of 4% per annum paid quarterly
- At age 18, account will be converted to Regular Savings Account.
- No previous SVBLA membership required on application
MERRY MONEY
Give yourself a gift for December!
- Deposit cash, $10.00 or more
- Save until November
- Get your cash for December
- Get 3.5% interest p.a. paid quarterly
REQUIREMENTS FOR
OPENING AN ACCOUNT
The following are the requirements for opening Regular Savings and Super Saver Accounts:
- Two Pieces of ID (Passport, National ID or Driver's License)
- Proof of Address (Utility bill)
- Proof of Income (Pay slip or Job Letter)
The following are required for opening a Smart Saver Account:
- A copy of the child’s birth certificate and/or valid passport
- Parent/Legal Guardian’s name must be on the account.
PERMANENT SHARES
- Full Membership 100 shares ($1,000) to be eligible for a mortgage loan
- Associate members 25 to 100 shares ($250 to $1,000)
- Members are entitled to Dividends
- Vote at Annual General Meetings
- Apply for Secondary School Scholarships(full membership is required)
- Access to all products
