Sagicor Bank •fixed (1 Year)
A 1-year fixed deposit offering a guaranteed 2.0% return on a minimum $5,000 investment, with interest paid at maturity.
Fixed Rate
Rates verified: N/A
About This Product
The Sagicor Bank •fixed (1 Year) requires a minimum opening balance of BBD $5000.00 with a monthly service fee of N/A. It offers 2% Interest Rate.
✓ Benefits
- Guaranteed 2.0% interest rate for the full term
- Higher rate than standard savings accounts
- Simple, predictable returns
- Digital-first management via app
- Earns interest: 2% Interest Rate
⚠ Considerations
- $5,000 minimum deposit required
- Funds locked for 12 months
- Penalty for premature withdrawal
- Interest paid only at maturity, not periodically
- 15% withholding tax on interest over BDS $100/year