Do you have any questions that I can help you with?
Scotia DBG Merchant Bank’s 'B' Account is a tax free certificate of deposit (CD) that offers depositors a fixed interest rate for a fixed period of time.
This account is for persons not resident in Jamaica.
If you are interested in a long term deposit option, then the 'B' Account is for you. It is ideal for non-resident Jamaicans, seeking higher returns on a TAX-FREE J$ account.
This is a long-term deposit plan, which MUST remain on deposit for an initial period of 366 days. You will have the option to roll your deposit over or encash it on the maturity date. Arrangements can be made to have your interest monthly.
What is the minimum transaction amount?
The minimum transaction amount required to open the 'B' Account is JA$500,000.00
If you are an overseas resident, the 'B' Account is best suited for you if you are seeking tax-free, competitive returns in Jamaica. The 'B' Account with its’ competitive rate of return and tax-free status is best suited for you.
*Funds deposited must be foreign currency originating outside of Jamaica.
'B' Accounts are offered for a tenure or 366 days with interest rates tiered according to the amount of your deposit.
Our office is centrally located in New Kingston where our friendly staff are available to assist you in opening your high-yield 'B' Account. 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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