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Savings Accounts

  Account   Rate
  Regular Savings Account   1.10%
  Early Savers Club Account   1.15%
  Prime Life Savings   1.15%
  Term Deposit – 3 Months   1.00%
  Term Deposit – 6 Months   1.05%
  Term Deposit – 12 Months   1.10%
  Special Investment – 30 Days   0.50%
  Special Investment – 91 Days   1.00%
  GBTI Education Savings Plan new   5.0%
 * Rates are subject to change without notice
  Requirements for New Accounts
  Passbook Savings Account
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.

  Statement Savings Account
Our 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 is a 24-hr service; 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.

  Early Savers Account
The GBTI 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:
  1. A premium interest of 0.25 percent above the regular saving account rate is paid on accounts
  2. Bursary awards are given according to set criteria upon successful completion of the National Grade Six Assessment
  3. Birthday Cards are sent on that special day
  4. A free ATM Card is available on your 12th birthday
  5. Annual Prize Drawing – enter the annual prize competition with every $1,000 deposited
  6. Gift Vouchers – parents and friends can purchase these for presentation on special occasions
  7. Enjoy discounts on purchases at participating stores
Withdrawal Limits:

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

  Primelife Savings Account
The GBTI. 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:
  1. A premium interest rate above the regular savings account
  2. A Free ATM Card is issued, with no charges for transactions
  3. No charges for crediting pension cheque
  4. Higher exchange rates on foreign currency deposits
  5. No ledger fees applied to the accout
  6. No charge for bank statements
  7. Concessionary credit rates of 0.50% below the applicable rate
  8. Enjoy discounts on purchases at participating stores

  Term Deposit Accounts

GBTI's range of term deposit accounts is tailored to suit the investor seeking prime investment opportunities. Deposit periods are 3, 6 and 12 months.

  Special Investment Accounts (30 & 91 days)
Our 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.

  GBTI Education Savings Plan

The Bank recognises that attaining higher education provides children with better career choices and richer lives. The cost of achieving this education is high both locally and Overseas and continues to rise when you include the cost of accommodation, food, transportation, bookstand computers. Our recommendation to you as a parent is to start saving today!!

Our Education Savings Plan is maintained in the child's name and is an effective way to save for your child's post-secondary education.

Deposits will be allowed from grandparents, aunts, uncles and godparents.

A Depositor's Confirmation form has to be completed by relatives other than parents or beneficiaries when deposits are made.*

Let us help you achieve your plan amount with our premium savings interest rate offer of 5% per annum.

*Terms and Conditions Apply*

An Education Savings Plan can be opened by a:

Parent or Guardian

Guardians can be grandparents, uncles and aunts who must have written approval from parents.

Identification Requirements:


    1. Valid Identification Card or Passport
    2. Proof of Address document (Utility Bill, Bank Statement, Insurance Notice or other mail received within the last six months)
    3. Proof of Income (Job Letter, Pay Slip, Business Registration/License, Affidavit of Income)
    4. Authority/Proof of Guardianship
    5. Passport sized photograph
    1. Birth Certificate
    2. Valid Passport (if available)

DECIDING ON The Plan Amount

With the use of our investment calculator, we can provide you with the minimum monthly/quarterly deposit amount.

        The minimum Plan total is G$2,000,000
        The maximum Plan total is G$15,000,000

        Information to be provided by Parent/Guardian:
        1. Initial Deposit
        2. Age of Beneficiary
        3. Desired frequency for Deposits
        4. Plan Amount
        Our calculator will provide the following information:
        • Monthly/Quarterly Deposit Amount (minimum)
        • Period of Plan
        • Bank's Contribution (net interest amount)
                  Guide for $2 million Plan:
        • Plan Target - 2,000,000
        • Initial Deposit - 100,000
        • Interest Rate (%) - 5
        • Initial Deposit Date - 2015-09-01
        • Maturity Date (18th Birthday) - 2015-10-01
        • Deposit Frequency - Monthly
        • Bank's Contribution - Net Interest - 172,300
        • Deposit Amount - 28,795
        • Projected Balances - After 1 year –   423,206.30
        •                                  After 2 years-   789,433.21
                                          After 3 years-1,169,481.74
                                          After 4 years-1,563,351.87
                                          After 5 years-1,971,218.67
                                         18th Birthday-2,000,013.67
          Disclaimer - This calculator provides estimated figures based on initial information provided by the parent and serves as a guide.

Information on The Plan


In order to realise the Plan amount parents are encouraged not to make withdrawals.


The Education Savings Plan can be funded by the following methods:

CASH- for deposits amounting to G$ equivalent of US$10,000-G$2million and over, depositors must complete a Source of Funds Declaration form prior to the cash being accepted.

CHEQUE- Third Party cheques must be endorsed and identification presented.Cheques to be issued in favour of Beneficiary.

INTERNALTRANSFER- Standing Instructions for monthly deductions from an account to credit Beneficiary's account.

Deposits can be made at any point in time during the life of the Plan.

Closure of Plan

Closure of the Plan during the first 2 years of establishment will result in the non-payment of interest.

Closure of the Plan during the third to fifth years will result in the payment of the Regular Savings interest rate at the time on the minimum balances maintained during the Bank's interest quarters.

Statement Cycle

Quarterly statements will be issued.

Interest Paid:

The Plan will earn a premium savings interest rate* which will be paid to the Plan on the 18th birthday of the Beneficiary or on the 16th Birthday or after if Plan is closed.**

Interest will be calculated on the minimum balance maintained by the Plan during the Bank's interest quarters.

Bank's Interest Quarters:

          1st November – 31 January
          1st February – 30 April
          1st May – 31 July
          1st August – 31 October

        To ensure that interest is earned within the first quarter of establishment, the Plan should be opened on the first date of any quarter shown above.
        *Interest rates are subject to change
        **Terms and Conditions Apply

What happens at maturity of the Plan?

        1. The Education Savings Plan matures on the 18th Birthday of the Beneficiary.
        2. Interest accrued on the minimum balances within the Bank's interest quarters over the life of the Plan will be paid to the account on the 18th Birthday of the Beneficiary.
        3. Interest will cease to be accrued on the Plan after this date.
        4. The Plan can be closed by the Beneficiary on the 18th Birthday.
        5. At Maturity, the proceeds of the Plan can be transferred to a regular savings account in the Beneficiary's name pending the arrangements for Post-Secondary   Studies.
        6. If funds are to be issued to an educational institution at maturity date, the Bank will waive the cost of the Manager's Cheque, Foreign Draft or SWIFT Transfer.
        7. The Plan can be closed when beneficiary attains age 16 once the funds are payable to an Educational Institution. The Plan can only be closed by the Parent/Guardian at this time.

                                                                           Useful Tips
        1. Do not withdraw from your Child's Education Savings Plan.
        2. If you have to withdraw, make every attempt to redeposit the amount.
        3. Encourage savings habits in your children. Deposit most if not all birthday cash gifts.

        Open your Education Savings Plan Today!
        Answers to questions you may have on the Plan
        1. If one parent dies before the 18th birthday of the beneficiary, the other parent can continue with the Plan.
        2. If the beneficiary dies before the 18th birthday, the parent will be allowed to close the account.

        Schedule of Charges
        1 Withdrawals- G$5,000(per withdrawal)
        2 Dormant Account Fee -G$200 per month
        3 Returned Cheques charge- G$500

        GBTI Education Savings Plan
        Terms and Conditions

        • The GBTI Education Savings Plan Agreement must be signed by the parent/ guardian at the establishment of the Plan.
        • The Education Savings Plan is a Statement Account; however, ATM Cards will not be issued as withdrawals will be dissuaded.
        • Deposits will be accepted by other relatives who are authorised to do so by the parent/ guardian. The parent/ guardian will provide the bank with the names of the authorized depositors and their relationships to the Beneficiary. GBTI will then issue a Deposit Card which must be presented for each deposit. A Depositor's Confirmation form is to be completed for deposits $200,000 and over. A Source of Funds Declaration Form must also be completed for deposits over $2M.
        • Withdrawals may be allowed by the parent/ guardian only. However, Parents are advised that in order to preserve the projected balance on maturity of the plan, the monthly or quarterly deposit amount will need to be increased to cover the amount withdrawn.
        • Interest will accrue over the life of the plan and will be paid at maturity only.
        • In order to benefit from the premium interest rate being offered the plan should be taken to maturity. If the plan is closed during the first two years, no interest will be paid. If the plan is closed during the third to fifth years the interest applicable to a regular savings account will be paid.
        • If the Beneficiary does not pursue post-secondary education at maturity date, the interest applicable to a regular savings account at the time will be paid.

Educational Opportunities

Links to Educational Institutions Overseas:
  1. University of Cambridge -
  2. University of London -
  3. Chartered Institute of Management Accountants -
  4. The University of the West Indies -
  5. University of Delhi -
  6. Indian Institute of Technology, Delhi -
  7. Indian Institute of Science, Bangalore -
  8. Australian National University -
Links to Local Educational Institutions:
  1. University of Guyana -
  2. Air Services Limited Flight School - This email address is being protected from spambots. You need JavaScript enabled to view it.

Programmes offered by Local Private Institutions:
        • Certificate in Business Accounting - Chartered Institute of Management Accountants
        • A Level Programme - University of Cambridge
        • Single Subject Diploma in Project Management –The Institute of Commercial Management (UK)
        • Single Subject Diploma in Economics for Business –The Institute of Commercial Management (UK)
        • Advanced Diploma in Project Management –The Institute of Commercial Management (UK)
        • Pre Law Programme - University of Cambridge
        • Bachelor of Law – University of London
                                                                               Visit any one of our Branches and uplift your Guide.

Withholding 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.

High & Young Streets, Kingston, Georgetown, Guyana, South America tel.+592 231 4400-8 . fax. +592 231-4411 . SWIFT: GUTIGYGE
© 2018 Guyana Bank for Trade and Industry Limited