Savings Account - Advantage Savings

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

 

FAQs