Add a little bonus to your savings account. Enhance your family’s security by having savings with free Life Insurance.
Recommended for:
- First time and existing customers
- For ages between 12 and 65 years old
- For customers that may require a long term investment
- For individual customers that may be interested in securing its investment while enjoying Free Life insurance
Opening account:
- Start your Savings Plan with a $500.00 Minimum
Product Features:
- Minimum balance requirement of $500.00 for interest payment
- No below minimum balance fee
- No monthly service charge
- Earns 6 % interest paid quarterly
- Earn 5 % interest when greater than $150.00 and below $500.00
- Interest is calculated on minimum balance per quarter
- When account balance exceeds $2,500.00, the balance is insured 100% up to a maximum of $10,000.00. All amounts over $10,000.00 are not insurable.
- Account must be enforced for at least 2 months in order to effect insurance coverage.
Requirement for Services:
- Social security card or valid ID
For non-residents:
- 2 bankers references from established financial institutions with at least 18 months banking relationship
- Valid passport
Value Added Products:
- Passbook
- Electron Visa Debit Card
- Online Banking
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