Savings Accounts
 Bank of Saint Lucia recognizes you will need different savings products as you go through your life cycle. We have developed various savings options to help you achieve your goals at every stage of your life. Call or visit any of our branches for the beginning of a lifelong financial friendship.
A+ Club
Bank of Saint Lucia has an achiever plus account (A+ account) to help our children develop that good habit of saving. The A+ account is designed for children and young people up to 18 years old, offering incentives to help keep them saving and aiming for the top
Features
- Must be under 18 years
- Minimum opening balance of $10
- Account holder must sign on the account at age 7 years
Benefits
- Interest is paid quarterly on balances over $100 and more
- Special A+ Club membership/deposit-only ATM card
- Complete Online Banking
- Special discounts from select partners
- Earn a special reward after 12th deposit
- Annual Back to School Promotion
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Regular Savings
All of life's accomplishments have started with a first step. Developing a good savings habit while learning to manage your income is your first step to financial security. A regular savings account from Bank of Saint Lucia facilitates the payment of your salary, payment of your utility bills and access to various convenience services while allowing you to save for future goals and emergencies.
Features
- Must be 18 years and over
- Minimum openin balance of $50
- Access to your accounts via Telebank, Mobile Banking and Complete Online
Benefits
Your regular savings account facilitates:
- Payment of your salary
- Interest paid quarterly
- Unlimited deposits and withdrawals
- Processing of standing orders
- Payment of your utility bills
- Easy access to your funds
- Use of your ATM/Visa International debit card at various business outlets
- Reserve savings account
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$uper$aver
The Super Saver is ideal for persons who would like a separate account to save for specific goals and earn a higher rate of return on their funds without locking it into a term deposit.
Features
- Must be 18 years and over
- Minimum opening and operating balance of $2,500
Benefits
- Interest 0.75% higher than Regular Savings
- Interest paid quarterly
- No restrictions on withdrawals
- Standing order facility
- Complete Online Banking
- Pre-approved Bank of Saint Lucia credit card (Visa/Master Card)
- 10% discount on existing no claim for vehicle insurance from EC Global Insurance
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Home Start
Bank of Saint Lucia provides the building blocks to owning your own home. The account is structured to allow you the flexibility to manage your loans and other commitments while saving for a home. The Home Start Account is a registered account and as such allows for an annual tax return of up to EC$6,000.
Features
- Must be 18 - 50 years
- Must deposit a minimum of $100 every month therefore maintaining an annual savings of $1,200
- Choose a maturity period:
- Plan A: Minimum one (1) year, with no tax credit benefit
- Plan B: Minimum five (5) years, tax credit of up to $6,000 per annum
Benefits
- Earn 0.75% more interst than the regular savings rate
- Minimum opening balance of $100
- Interest paid quarterly
- Allows you to save towards the deposit for a mortgage
- Free standing orders within Bank of Saint Lucia
- Subsidized legal fees for the purchase of land or mortgage
- Eligibility for Complete for Life package and concessionary mortgage interest rates*
*Subject to the Bank's standard loan approval criteria.
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Honour 50
Bank of Saint Lucia believes that it only gets better after 50! The Honour 50 account is designed for customers 50 years and over, looking not only for a higher interest rate but for more benefits that will allow them to live life more fully.
Features
- Primary account holder must be over 50 years
- Minimum opening and operating balance of $5,000
- Interest rate: 0.75% higher than regular savings rate paid monthly.
Benefits
- Preferred customer recognition card with benefits from select partners
- Reduced interest rate on consumer loans
- Interest paid monthly
- Fee discounts for Will preparation and estate planning
- Benefit from reduced fees and bank charges
- Special pre-approved line of credit for leisure, vacation, hospitalization and other personal expenses
- Special discounts from EC Global Insurance
- Investment and Wealth Management Service
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