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Savings Accounts
 
 

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Savings Accounts

 

At Butterfield we have several savings products that are designed for the convenience  of the various groups in the market.









Butterfield Savings



 

We provide a simple plan for persons wishing to save regularly to achieve personal goals. This account will facilitate salary deposits, loan payments and standing order deductions.

  • Minimum opening balance of BBD $300.00
  • Free ATM/Debit card available
  • "No wait" deposit facility available
  • Account transaction statements are mailed quarterly Interest is calculated daily on amounts $300.00 and over and paid quarterly in March, June, September and December
  • Mini-statement facility available at Butterfield ATMs

 









Butterfield 50+



 

Are you aged 50-years-old or over? Then the Butterfield 50+ plan is for you.

 

This account is for senior persons and BARP (The Barbados Association of Retired Persons) members. The BARP members are eligible for this account on presentation of the BARP membership card but the "Withholding Tax" exemption applies from age 60 and over.

Account holders are exempt from most fees and charges...and will qualify for other special services offered by the Bank.

Account Features

  • Minimum opening balance of BBD $5,000.00
  • Interest rate of 1% above regular rate on balances over $5,000.00
  • Interest calculated on balance daily and paid quarterly in March, June, September and December
  • Account statements are mailed quarterly
  • No Withholding Tax (from age 60)
  • No mimimum balance fee
  • No commissions on Manager's Cheques, foreign Drafts, Travelers Cheques,Wire Transfers and Standing orders
  • "No wait" deposit facility available
  • Free parking for 1 hour at City Centre when conducting business at Butterfield's banking centre

 

Butterfield Smart Start



 

This "first" savings plan provides parents, grandparents and guardians with a facility to create a foundation for savings for their children. On starting the plan, the Bank will add a bonus of $10.00 and give a  Butterfield "piggy bank" to encourage the child to save. After that the "bonus" comes as an interest rate that is higher than the regular savings rate.

  • Start the plan with BBD$100.00
  • $10.00 bonus will be added to the account on opening with a Butterfield "piggy bank" to save your monies in.
  • 0.5% above the reqular savings rate
  • No minimum balance fee
  • Interest calculated daily and paid quarterly in March, June, September and December.
  • "No wait" deposit facility available

 








 

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