Primelife Savings Account The G.B.T.I. Primelife Savings Account is a special savings plan for persons 55 years and over. It provides an opportunity for persons to plan and manage their finances for their post-retirement days. Interest is calculated on the minimum balance for the quarter and paid at the end of April and October.
GBTI Primelife Savings Account offers great financial choices:
a) A premium interest rate above the regular savings account
b) A Free ATM Card is issued, with no charges for transactions
c) No charges for crediting pension cheques
d) Higher exchange rates on foreign currency deposits
e) No ledger fees applied to the account
f) No charge for bank statements
g) Concessionary credit rates of 0.50% below the applicable rate
h) Enjoy discounts on purchases at participating stores.
How to Apply
The requirements for the opening of a Primelife Savings Account are:
1) Minimum opening balance of $5,000
2) Valid Identification Card or Passport
3) Proof of Address
And for Joint Parties:
4) A completed Account Mandate