Sagicor Bank •silver
A no-fee savings account exclusively for seniors aged 60+, offering 2.0% interest (decreasing to 1.75% from May 1, 2026) 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 2% Interest Rate.
✓ Benefits
- 2.0% interest per annum with quarterly payments
- No withholding tax on interest — higher effective return
- No monthly fees
- No minimum balance to open
- Free internationally accepted debit card
⚠ Considerations
- Must be aged 60 or over to qualify
- No physical branch locations
- Account must be funded within 30 days of opening
- Access limited to mobile app
