Savings & Deposits

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   3% per annum
  • 24 Months   3.25% per annum
  • 36 Months   3.50% per annum

REGULAR SAVINGS

  • Minimum opening balance of EC$20
  • Competitive interest rate of 2.75% 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 3.25% 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

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

permanent_shares