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Savings Accounts
Our range of innovative products and competitive investment opportunities is designed to suit your unique circumstances and give you the kind of benefits and returns you never thought were possible. View deposit interest rates.
Our Passbook Savings Account caters to the individual and group customer for whom it is important to have transactions recorded in a passbook. The convenient pocket-size passbook offers customers the opportunity to follow account transactions and maintain accurate records. Interest is calculated on the minimum balance for the quarter and paid at the end of April and October.
How to Apply
The requirements for the opening of a Passbook Savings Account are:
1) Minimum opening balance of $5,000
2) Valid Identification Card or Passport
3) Proof of AddressAlong with the above, the following is also required for Joint Parties, Partnerships, Friendly Societies etc.
4) Letter from the Secretary with extracts of Minutes of Meeting on decision to open a Bank Account
5 ) Certificate of Registration of Business
6 ) A completed Account MandateOur Statement Savings Account is linked to our ATM service and caters to the individual customer who appreciates technology-based banking services.
Upon opening an Account customers are automatically issued with our Kaieteur Classic Debit Card, which allows them to use the ATM facility to withdraw cash, make deposits, transfer between accounts and pay utility bills from their accounts at their convenience. Additionally, the Card allows customers to benefit from our Point-of-Sale service to make payment for purchases from stores, supermarkets etc. Transaction slips serve as a record while bank statements are prepared and mailed every three months. Interest is calculated on the minimum balance for the quarter and paid at the end of April and October.
The ATM and Telephone Banking are 24-hr services; enabling customers avoid dealing with bank lines and bank hours. ATMs and Point-of-Sale terminals are located around Georgetown and countrywide for your convenience.
How to Apply
The requirements for the opening of a Statement Savings Account are:
1) Minimum opening balance of $5,000
2) Valid Identification Card or Passport
3) Proof of AddressAnd for Joint Parties:
The G.B.T.I. Early Savers Club is open to children from birth to 17 years of age. It provides an opportunity for parents and children to plan finances for education and other growing needs. It is also a unique method for forming strong saving habits in children. Interest is calculated on the minimum balance for the quarter and paid at the end of April and October.
Many special benefits are tied to membership of the Club:
a) A premium interest of 0.25 percent above the regular saving account rate is paid on accounts
b) Bursary awards are given according to set criteria upon successful completion of the National Grade Six Assessment.
c) Birthday Cards are sent on that special day
d) A free ATM Card is available on your 12th birthday
e) Annual Prize Drawing – enter the annual prize competition with every $1,000 deposited
f) Gift Vouchers – parents and friends can purchase these for presentation on special occasions
g) Enjoy discounts on purchases at participating stores.Withdrawals
ATM 12 to 14 years old $10,000 per day 15 to 17 years old $15,000 per day In Bank Under 12 years old Allowed any amount with a parent or guardian present From 12 to 17 years old Up to $5,000 per day with positive identification How to Apply
The requirements for the opening of an Early Savers Club Account are:
1) Minimum opening balance of $1,000
2) Birth Certificate of the child
3) Valid Identification Card or Passport of the parent
4) Proof of AddressThe 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 AddressAnd for Joint Parties:
G.B.T.I.’s range of term deposit accounts is tailored to suit the investor seeking prime investment opportunities. Deposit periods are 3, 6 and 12 months.
How to Apply
The requirements for the opening of a Term Deposit Account are:
1) Minimum opening balance of $250,000
2) Valid Identification Card or Passport
3) Proof of AddressAlong with the above, the following is also required for Joint Parties, Partnerships, Friendly Societies etc.
4) Certificate of Registration
5 ) Memorandum and Articles of Association
6 ) A completed Account MandateOur Special Investment Account caters for the major depositor who requires flexibility and availability with deposit balances. Deposit periods are 30 days and 91 days and interest is paid on the minimum balance for the period. Deposits and withdrawals can be made without prior notice and account statements are mailed at the end of the period.
How to Apply
The requirements for the opening of a Special Investment Account are:
1) Minimum opening balance of $1,000,000
2) Valid Identification Card or Passport
3) Proof of AddressAlong with the above, the following is also required for Joint Parties, Partnerships, Friendly Societies etc.
4) Certificate of Registration
5 ) Memorandum and Articles of Association
6 ) A completed Account MandateWithholding Tax - All interest received on your deposit account is subject to withholding tax of 20% which will be deducted by the Bank and paid to “The Guyana Revenue Authority”, except in cases where an Exempt from Withholding Tax Certificate is received form the Guyana Revenue Authority.
View information on Chequing Accounts and deposit interest rates
Watch your investment grow with our deposit accounts. We offer premium rates and flexible options.
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