Savings Account

Any accomplishment in life starts with the first step. Developing a good savings habit while learning to manage your income is one’s first step to financial security. A regular savings account from Bank of Montserrat Limited facilitates the payment of your salary, payment of your utility bills, processing of standing orders, while allowing you to save for future goals and emergencies.

There are so many benefits for maintaining a savings account with us. No restrictions on the number of deposits or withdrawals. The minimum opening balance requirement is ECD$50.00. Interest is calculated and paid quarterly, that is end of March, June, September and December of each year.

60 Plus Savings Account

The bank provides for Customers at the age of 60 years and above to benefit from a higher rate of interest on savings accounts. These customers are also offered a special teller line.

Fees

  • Third Party Transactions $10
  • No Passbook Withdrawals Free
  • Replacement Passbook $25
  • Dormant Account monthly service charge $5
  • Reactivation of Dormant Account Free
  • Accounts closed within 3 months $25