Live in the now,
save for the future.
Savings accounts for the road ahead
How can we help you make money?
We love serving our clients. One of our favorite ways is through helping them to reach their goals, by growing their savings. But, not everyone’s needs are the same. Some of you may be looking to start your own business, while others want to pay off the mortgage on their first home. That’s why we have a range of solutions, so we can help everyone earn interest in the way that’s right for them.
If you like freedom, we have savings solutions that allow you to withdraw money whenever you need to. On the other hand, if you don’t mind putting your money away for a rainy day, to earn more interest, we have a CD that’s right for you. Why wait? Let us help you find the right deposit account for you.
JMMB EzAccess Account
Get what you need—without the fees
There’s something wonderful about getting paid for a job well done. It’s your reward for your hard work, dedication, and time. We know that you don’t like throwing that hard earned money away. We don’t, either.
So, if you bank with us, you don’t have to worry about nuisance fees for everything from account dormancy fees to monthly maintenance charges. We want to see your money grow. Our interest-bearing EzAccess account gives you 24-hour access to your money. That way, you know your hard-earned money stays yours.
The qualifications
- For personal use
- Starting with a minimum deposit of J$1,000
The benefits
- Easy access: Enjoy free deposits, withdrawals, and cheque encashments, in branch. Get island-wide cash access with our JMMB Bank Visa debit card, at any Visa certified ATM machine
- No nuisance fees: Say goodbye to monthly maintenance fees, minimum monthly balance requirements and account dormancy fees
- Convenient use: Enjoy free inter-bank bank transfers (within Jamaica), free bill payment, and free point-of-sale transactions
The details
- Pay-as-you-go-cheque feature
- Interest is calculated daily and paid monthly
- Online banking available
**JMMB EzAccess Account is offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme
"My JMMB representative helped me figure out which account was perfect for me." - Tracy
JMMB Bonus Saver
Give yourself a little extra cushion
It doesn’t always rain. But when it does, you want to be ready. And that means more than just having a piggy bank (although we do love piggy banks).
You deserve a savings account that generates interest with little or no fees. That’s why we’ve created the JMMB Bonus Saver.
You can enjoy bonus interest on your money every six (6) months by simply making regular deposits to your account.
The qualifications
- For personal use
- Starting with a minimum deposit of
- J$1,000
- US$100
- CA$100
- £ 100
- € 100
The benefits
- Convenient access: Enjoy free deposits, withdrawals, and cheque encashment in branch (up to J$1 million). Enjoy free bill payment. Get island-wide cash access with our JMMB Bank Visa debit card, at any Visa certified ATM machine
- No maintenance fees: Bid farewell to monthly maintenance fees, minimum monthly balance requirements, and account dormancy fees
- Interest-bearing savings: Get rewarded with continual interest payments. Bonus interest is paid twice a year
- One free manager’s cheque per month
The details
- Interest is calculated daily and paid bi-annually*
- Account is available in J$, US$, CA$, £ or €
**JMMB Bonus Saver Account is offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme
Certificates of Deposit (CD)
Be smart. Be secure. Save in a CD
You’ve worked hard for your money, so you want to save it wisely. You want to see your money grow, but you also want to play it safe. If you want the best of both worlds, deposit funds in a secure, interest-bearing account (with attractive returns) with a Certificate of Deposit (CD). This account allows you to save over the medium or long-term and you’re guaranteed a return on your funds.
The qualifications
- Individuals or companies
- Living/based in Jamaica or abroad
- Start with a minimum deposit of
- J$2,000
- US$1,000
- CA$1,000
- £ 1,000
The benefits
- Competitive Returns: Earn higher interest rates than on ordinary savings accounts
- Security: Breathe easy, your funds are insured by the Jamaica Deposit Insurance Corporation*
The details
- Your funds are placed for a fixed time period, at a fixed interest rate
- Interest and principal are paid at maturity
**CDs are offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme
JMMB Advantage
Why wait for interest?
Sometimes, it’s nice to eat dessert before dinner. Play before work. Get your reward first. Wouldn’t it be nice if you didn’t have to wait until the end of the deposit period to get your interest payment? With our JMMB Advantage solution, you get your interest payment at the start of the deposit period after the clearing period of deposit cheque, rather than at the end. We even let you borrow against your account.
The qualifications
- Individuals or companies
- Living/based in Jamaica or abroad
- Starting with a minimum deposit of J$500,000, US$10,000, CA$10,000, £10,000 or €10,000
The benefits
- No waiting: Enjoy your interest up front
- Time value of money: Use your interest now rather than later
- Competitive rates: Grow your money fast, with competitive interest rates
- Convenience: Earn an early reward (interest payment is at the start of the deposit period)
The details
- Deposit period is up to 365 days
- The interest rate will be fixed for the agreed period
- You can borrow up to 80% of your principal
- Clearing period: J$ cheques: 7 days; foreign cheques: 30 days
**JMMB Advantage is offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme
Ez Start Savings Account
Your easy way to financial empowerment
If you are looking for an easy way to open a bank account, then the JMMB Bank EZ Start Savings Account may be just the account for you. Developed to cater to individuals who are facing hurdles in opening a bank account, this solution is committed to fostering financial inclusion, making a savings account accessible to virtually everyone. JMMB Bank offers a simplified account opening process that offers an easy path to a banking relationship.
Here’s what you need to know
- This is account is for personal use
- Start with a minimum deposit of J$100
- The maximum deposit per month is J$200,000.00
The benefits
- Reduced requirements: Open your bank account with only a valid government-issued ID and your Taxpayer Reference Number (TRN)
- Easy access: Enjoy free deposits, withdrawals, and cheque encashments in-branch. Get island wide cash access with your very own JMMB Bank Visa Debit card, at any Visa-certified ATM machine, locally or overseas
- No nuisance fees: Say goodbye to monthly maintenance fees, minimum monthly balance requirements and account dormancy fees
The details
- Interest is calculated daily and paid monthly
- JMMB Bank Visa Debit Card available
- Receive your money transfer payments direct to this account…no more joining long lines to pick up cash
**JMMB Ez Start Savings Account is offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme
JMMB ‘A’ Account
A high-yield and tax-free deposit account, designed exclusively for non-residents of Jamaica
Are you looking for a secure, tax-free and profitable deposit solution your funds in the Caribbean? Then, discover the JMMB ‘A’ Account, a high-yield and tax-free deposit account, designed exclusively for non-residents of Jamaica.
Maximize Your Returns
- Earn tax-free interest on your US$, CA$, or £
- Benefit from interest-on-interest, with rollover options
Flexibility and Convenience
- Track and manage your savings from anywhere, with JMMB Moneyline (our online banking system)
- Make free withdrawals (up to the equivalent of J$1 million per annum)
- Easily deposit funds via international wire transfer
- No dormancy fees to worry about
Safety and Security
- Be rest assured with deposit insurance of up to J$1,200,000, through the Jamaica Deposit Insurance Corporation (JDIC)
- Use your JMMB ‘A’ Account as collateral for loans
Accessibility
- Start with a minimum deposit of just US$1,000 CA$1,000 or £1,000
- Enjoy a minimum 1-year tenure
**JMMB ‘A’ Account is offered by JMMB Bank (Jamaica) Limited
**All bank deposits are insured up to J$1,200,000.00 by the Jamaica Deposit Insurance Corporation (JDIC) scheme