Advantage Savings
Savings Account

Overview

The Advantage Savings account is specially designed to help you manage your day-to-day personal banking activities. This unique account gives you the benefit of interest earnings that are calculated daily and credited monthly, while giving you the added benefit of access to a Line of Credit.

 

Features and Benefits

The Advantage Savings account is specially designed to help you manage your day-to-day personal banking activities. This unique account gives you the benefit of interest earnings that are calculated daily and credited monthly, while giving you the added benefit of access to a Line of Credit.

• Pays interest that is calculated daily and credited monthly
• Online Banking access
• Line of Credit available
• Standing instructions, sweep facilities and direct deposit are available
• Cheque Book optional
• First 50 cheques free (where applicable)
• Available ABM cash limit of JMD 50,000 and a point-of-sale transaction limit of JMD 100,000

 

Fees

There is a minimum opening balance of JMD 5000 or $100 to open a foreign currency account.

• Monthly service charge of $350.00
• Low per transaction fee of $80

Available in the following currencies:

• JMD
• USD
• CAD
• GBP

Conditions apply

 

Documents Required

Welcome to Sagicor Bank!

Having all the required documents will save time. Here is a list of documents you can choose from:

Personal/Individual Accounts:

One valid photo identification required:

• National ID Card with photo
• Driver's License (photograph/signature)
• Passport
• Employee ID (photograph/signature)with letter from employer
• Citizenship Card or Senior Citizen ID with Birth Certificate

TRN:

• TRN Card or Driver’s Licence (or the equivalent e.g. SSN, SIN, etc.)

Two character references required:

• Employer for at least the last 3 months (signed by CEO of Company, Manager or equivalent)
• Army officer (Major or above)
• Attorney at Law
• Clerk of Court
• Consular Officer (High Commissioner/Ambassador)
• Current Sagicor Client (2 years and in good standing)
• Financial Institution (Manager or above)
• Judge (Resident Magistrate or above)
• Marriage Officer/Civil Registrar
• Justice of the Peace/Notary Public
• Police Officer (Deputy Superintendent or above)
• Confirmed Sagicor Staff Members
• Member of Parliament
• Sagicor Providers (Doctors & Owners of Pharmacies)
• Principal of school registered with the Ministry of Education

Any of the following:

• Utility Bill (no more than 3 months old)
• Current Statement from Financial Institution
• Voter's Card
• Letter/Declaration from Justice of the Peace Lease or Rental Agreement
• College Admission letter when in dorms

Proof of source of funds/income:

• The Jamaican regulation requires proof of source of funds