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Scotia DBG's Tax Free Investment Account (TFI) is ideal for the investor with long-term goals, who seeks a low-risk investment, with a TAX –FREE benefit! With the TFI Account, Scotia DBG invests your funds in long- term securities issued or guaranteed by the Government of Jamaica or Bank of Jamaica.
The TFI Account is best suited for the investor who has long-range goals of buying a home, a car, or saving towards retirement or education. Scotia DBG's Relationship Officers will personally assist you in determining if the TFI Account is right for you.
The minimum investment period for the TFI is ninety (90) days. You may encash your investment at anytime thereafter. Note that your principal (a maximum of $J 1,000,000.00 per annum) will have to remain in the account for five years to be eligible for the tax-free status.
Because your funds are backed by Government paper, the TFI Account is an attractive option for the investor seeking to maximize returns while minimizing risk.
The TFI Account attracts a fixed rate per rollover period, during the five-year tenure. Generally, the longer you invest, the greater your return.
Our branches are centrally located island wide and we are ready to help you meet your strategic financial goals. Call, or come in and speak with one of our Relationship Officers and see for yourself how we earn the right to be your most trusted financial advisor.
*From time to time Scotia DBG may have an interest in the securities that it sells to clients
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