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Personal Banking Services |
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Deposits: |
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- Pass Book Savings
offers customers the opportunity to save for the future at rates
of interest from 2% to 4% which are added on to the account quarterly.
- Christmas Club Savings allows depositors to save specifically in preparation
for Christmas expenditure. Customers can use this product to
save for transfer to term deposits on maturity. The rate of interest
on this account is 5%.
- Term Deposits are
offered at competitive rates. Interest on Eastern Caribbean Dollar
(EC$) deposits ranges between 4.5-6.5% and on U.S. Dollar (US$)
deposits between 4.0-5.25% for deposits placed up to three years.
- Rates
paid on very large deposits for short periods are negotiable
and are determined by the rate of interest the bank can obtain
in the international market for like size deposits and terms.
- Only bank in Anguilla that pays interest
on checking accounts (Demand Deposits).
Interest is paid on balances exceeding EC$ 3,000 or US$ 1000.
Service charges are low and overdrawing facilities are available.
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Loans & Advances: |
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- Personal Add-on or
Discount-type loans are available allowing customers
to finance, for example, the purchase vehicles, furniture, appliances
or finance their vacation. Rates range between 9-10% add-on and
have terms for up to 6 years.
- Personal loans where interest is paid
on a declining balance (amortizing
loans) are granted to cover medical costs, home improvement,
purchase of land, or house and land. These loans can be obtained
for up to 21 years. Rates of interest range between 10.5-13%
with the lowest rates being charged on the larger loans.
- Personal Overdrafts are offered on a percentage of the customer's income.
It lasts a year and rates of interest range from 11%-13%.
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Foreign Services: |
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Investment Services: |
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Other Services: |
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- Night Deposit Rental (per annum)
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EC$ 90.00 |
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EC$ 15.00 |
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EC$ 5.00 |
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EC$ 5.00 |
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EC$ 10.00 |
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