Unbiased Financial Comparisons

Banking & Credit Card Rates in Barbados

Compare rates, fees, and features from all major financial institutions in one place.

12 Deposit Accounts
13 Credit Cards
Data verified Nov 16, 2025

Recently Added

New products just added to our comparison

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Annual FeeBBD $1500
Annual Interest Rate21.50%
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CIBC Caribbean - JetBlue Select Card logo
Credit Card
Recently Added
Annual FeeBBD $199
Annual Interest Rate23.00%
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Scotiabank AERO Platinum Mastercard logo
Credit Card
Recently Added
Annual FeeBBD $300
Annual Interest Rate23.00% - 29.99%
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Deposit Accounts

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Sagicor Bank .Savings Account logo
Bank Account
Updated
Monthly FeeNo fee
Interest Rate1.5%
Opening BalanceBBD $0
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BPWCCUL Savings Account logo
Bank Account
Updated
Monthly FeeNo fee
Interest Rate0.5%
Opening BalanceBBD $120
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Monthly FeeNo fee
Interest Rate0.14%
Opening BalanceBBD $70
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Credit Cards

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CIBC Caribbean Visa Classic card
Credit Card
Updated
Annual FeeBBD $0
Annual Interest Rate23.00%
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Scotiabank Mastercard card
Credit Card
Updated
Annual FeeBBD $60
Annual Interest Rate23.00% - 27.99%
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Annual FeeBBD $25
Annual Interest Rate26.5%
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Frequently Asked Questions

Get answers to common questions about financial services in Barbados

Which financial institutions do you compare on this site?

We focus on the most popular financial institutions in Barbados. This includes major commercial banks like Scotiabank, CIBC Caribbean, RBC Royal Bank, and digital banks like Sagicor Bank, plus leading credit unions including COB, Public Workers, and AffinityPlus. While Barbados has 25 registered credit unions (as of September 30, 2025), we feature the ones most Bajans use for their everyday banking needs.

How do I choose the best credit card in Barbados?

Consider factors like annual fees, interest rates, rewards programs, and your spending habits. Compare cards from different financial institutions to find the best combination of benefits and costs for your financial situation. Look for cards with low fees and competitive interest rates.

What are the typical financial service fees in Barbados?

Financial service fees vary by institution and account type. Common fees include monthly service fees (typically $5-15 BBD), teller transaction fees ($2-5 BBD), and minimum balance requirements. Some accounts waive fees if you maintain a minimum balance or meet certain transaction requirements.

How often are financial service rates updated?

We regularly monitor and update financial service rates, fees, and product information. Our data is verified monthly to ensure accuracy. Products with green "Updated" badges have been verified within the last 30 days, while all data is refreshed quarterly to maintain current information.