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Do you have a goal of purchasing a car or taking a dream vacation to somewhere new? If so, saving in Scotia DBG Merchant Bank’s (Scotia DBG MB's) Certificate of Deposit will allow you to realize this goal sooner than you would have imagined. Certificates of Deposit (CDs) are bank instruments that allow you to lock in an attractive interest rate for a given term.
Scotia DBG MB’s Certificate of Deposit is ideal for those interested in obtaining a guaranteed competitive rate of return on their money, while taking advantage of a fixed rate of interest.
The minimum transaction amount required for the Certificate of Deposit product is JA$500,000 or US$10,000.
The tenure for the Certificate of Deposit varies and is determined by the client and Scotia DBG MB. You may encash your funds on the agreed maturity date.
The interest rate is attractively priced based on the amount and tenure of your deposit.*
Our office is centrally located in New Kingston, where our friendly staff is available to assist you in opening a Certificate of Deposit. Come in and speak with one of our Relationship Officers today.
* This product is insured by the JDIC up to J$600,000 or foreign currency equivalent.
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