AffinityPlus SMART Accumulator
A premium savings account with tiered interest rates that increase with your growing balance, designed to reward consistent savers.
Tiered RatesPremium Savings
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About This Product
Tiered Rates That Reward Your Savings
The SMARTAccumulator is a premium savings account designed for medium to long-term financial goals. As a premium version of the SMARTbuilder plan, it features tiered interest rates that increase with your growing balance, encouraging consistent saving habits.
Key Features
- Minimum Balance: BBD $2500.00 to unlock premium rates
- Interest Payment: Quarterly payments, guaranteed for at least one year
- Withdrawal Policy: One free withdrawal per year, then BBD $50.00 fee
- Online Banking: Limited to deposits only to prevent impulsive withdrawals
Behavioral Design
This account uses behavioral finance principles to encourage disciplined saving:
- Higher balances earn progressively better rates (up to 2.15%)
- Online restrictions prevent impulsive spending
- Withdrawal fees encourage long-term commitment
- Falls back to SMART Builder rates (1.00%) if balance drops below BBD $2500.00
Perfect for: Savers who want to maximize returns while building consistent saving habits.
Rate Tiers
| Balance Range (BBD) | Interest Rate |
|---|---|
| $2,500 - $9,999 | 1.25% |
| $10,000 - $29,999 | 1.5% |
| $30,000 - $49,999 | 1.95% |
| $50,000+ | 2.15% |
✓ Benefits
- Competitive tiered interest rates up to 2.15%
- Rewards higher balances with better rates
- One free withdrawal per year encourages saving discipline
- Premium savings account with quarterly interest payments
- Tiered structure motivates long-term saving habits
⚠ Considerations
- Withdrawal fees after first free withdrawal ($50)
- Must maintain tiered minimums for best rates
- Only one free withdrawal per year
- Requires discipline to maintain higher balances
- High minimum opening balance: BBD $2500.00
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Monthly FeeNo fee
Opening BalanceBBD $250.00