
Sagicor Bank •silver
A no-fee savings account exclusively for seniors aged 60+, offering 1.25% interest with no withholding tax — a significant benefit for retirees.
No Monthly FeeSeniors 60+
Rates verified: N/A
About This Product
The Sagicor Bank •silver requires a minimum opening balance of BBD $0.00 with no monthly service fee. It offers 1.25% Interest Rate.
✓ Benefits
- Quarterly paid interest
- No withholding tax on interest, raising the effective return
- No monthly fees
- No minimum balance to open
- Free internationally accepted debit card
⚠ Considerations
- Must be aged 60 or over to qualify
- Branch access is geared to business customers, not personal banking
- Account must be funded within 30 days of opening
- Access limited to mobile app
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