A term account is a deposit of a precise amount for a fixed duration at an interest rate generally higher than that of a savings account. This account is offered in local or foreign currency (USD, CND and GBP) and there is a penalty for breakage. Interest is paid on maturity.
- NO monthly fees
- UNLIMITED FREE debits if daily balance of $1,000,000 is maintained / $80 per debit if daily closing balance falls below $1,000,000
- FREE online banking and transfers between Sagicor accounts.