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Looking for a mortgage?

Switch & Save. We can save you money on your mortgage. Get pre-approved quickly and easily – start your home search with confidence.

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What We Do

Current Account

Term & Deposit Products

International Wires & FX Rates

Local Bank & Internal Account Transfers

Online Bill-Pay Functionality

Visa® Platinum Credit Card

Multi-Currency Accounts

Personal Lending Solutions

Digital banking

Mortgages

Check Our Rates

Call Account Rates

Open Account

Rate as of Apr 24, 2025

A Call Account allows an investor more liquidity flexibility while earning a stable return on their investment in BMD or USD. Investors provide 32 day notice for use of funds, while accruing interest daily that is paid monthly. The minimum deposit requirement is BMD/USD $5,000.

Day Count

Annual rate

32 Days

2.50%

Open Account

*INDICATIVE CALL ACCOUNT RATE

Base Lending Rates

Open Account

Rate as of Apr 24, 2025

Our current base lending rates* for residential and commercial loans are:

BCB Base Rate

Rate

Residential

3.00%

Commercial

3.00%

Open Account

*INDICATIVE CALL ACCOUNT RATE

Enhanced Term Deposit Rates

Open Account

Rate as of Apr 24, 2025

We are offering a short term opportunity to further increase your savings in BMD and USD. When you place Term Deposits in the below listed amount sizes we will increase your rate of return. Please see below indicative Enhanced Term Deposit Rates.

Term

$500k-900k

$1M+

1 Month

1.75%

2.00%

2 Months

1.75%

2.00%

3 Months

2.75%

3.00%

6 Months

2.75%

3.00%

12 Months

3.00%

3.25%

18 Months

3.25%

3.50%

24 Months

3.75%

4.00%

36 Months

3.75%

4.00%

48 Months

2.75%

3.00%

60 Months

2.75%

3.00%

Open Account

*ALL RATES ARE QUOTED AS ANNUAL RATES OF RETURN

Fixed Deposit Account Rates

Open Account

Rate as of Apr 24, 2025

Bermuda Commercial Bank Limited Fixed Deposit Accounts can help investors increase their earnings potential on their savings, and provide security that protects the interest earned from market fluctuations. Depending upon your liquidity needs, we offer both short and long term Fixed Deposit Accounts. Our short term fixed deposit options range from one month to 18 months terms; with our longer term options ranging from 2 to 5 years. Longer term deposits allow for the investor to receive their interest* amounts as quarterly, semi-annual, or annual payments, without altering the deposit’s earnings potential. The minimum deposit requirement is BMD/USD $25,000 or equivalent in our other offered currencies.

Break penalties, including loss of all interest accumulated to the date of premature withdrawal, will apply for all deposits repaid prior to contracted maturity dates.

Term

BMD/USD

CAD

GBP

EUR

NZD

AUD

1 Month

1.50%

2.00%

2.75%

1.15%

0.00%

2 Month

1.50%

1.90%

2.75%

1.50%

0.00%

3 Months

2.25%

1.80%

2.75%

1.65%

0.00%

6 Months

2.50%

1.70%

2.75%

1.65%

0.00%

12 Months

2.75%

1.50%

3.00%

1.50%

0.00%

18 Months

3.00%

1.25%

2.75%

1.00%

0.00%

24 Months

3.50%

1.25%

2.25%

1.00%

0.00%

36 Months

3.50%

1.25%

2.25%

1.00%

0.00%

48 Months

2.50%

1.25%

2.25%

1.00%

0.00%

60 Months

2.50%

1.25%

2.25%

1.00%

0.00%

Open Account

*ALL RATES ARE QUOTED AS ANNUAL RATES OF RETURN

New Mortgages

Are you interested in Buying a new home?

When thinking about purchasing a new home, there is much to consider. In addition to finding the property that meets your current and future needs, you also have to determine how you're going to pay for that dream home.

We can help. Follow the links below to figure out how much you can afford, whether you qualify for the Bermuda Government Mortgage Guarantee Programme, and the information required to complete an online mortgage application.

Apply now

How much can I afford?

Do I qualify for the Bermuda Government Mortgage Guarantee Programme?

Next steps: Application and supporting documents

FAQ

Need help?

Our expert loans team is here to answer your questions or offer advice. Please reach out to them at lending@bcb.bm

Refinance

Are you interested in Saving money on your existing mortgage?

Are you paying too much for your mortgage? The time may be right for you to switch to a Bermuda Commercial Bank mortgage... and save! Explore the links below to discover how you can reduce the amount you're currently paying.

Apply now

How much can I afford?

Do I qualify for the Bermuda Government Mortgage Guarantee Programme?

Next steps: Application and supporting documents

FAQ

Need help?

Our expert loans team is here to answer your questions or offer advice. Please reach out to them at lending@bcb.bm

Mortgage Pre-Approval

Are you interested in Getting approved quickly?

A mortgage pre-approval is a key step in the home buying process. Our expert loans team is here to help you understand your budget so you can focus on finding the right home for you.

Apply now

How much can I afford?

Do I qualify for the Bermuda Government Mortgage Guarantee Programme?

Next steps: Application and supporting documents

FAQ

Need help?

Our expert loans team is here to answer your questions or offer advice. Please reach out to them at lending@bcb.bm

Bermuda Government Mortgage Guarantee Programme

Phase 2

In collaboration with the Bermuda Government, BCB is pleased to be the Bank of choice for the Bermuda Government Mortgage Guarantee Programme. The first phase of this programme focused on financing for Bermudian first time home owners, allowing Bermudians to reach their goal of owning "a piece of the rock". We are pleased to announce that we have now moved into Phase 2. The second phase of the programme will continue to focus on financing for Bermudian first time home owners, and will allow public officers to transfer their mortgages from their existing bank to BCB. The details provided below are a guide and all loans are subject to BCB Credit Policies, requirements and approval.
Please allow 2 business days for review of your details, following which a representative will be in touch.

Programme Criteria

The Qualified Borrower(s) of record must:

Be an individual persons or persons; and
Have Bermudian status or be a spouse of a Bermudian, if borrowing jointly with their Bermudian spouse;

either

Not own any Bermuda real property; or
Be a Public Officer (subject to probation period being successfully completed), having an existing mortgage (or first legal charge) with another licensed Bank in Bermuda.

The Qualified Borrower(s) must have:

Have at least 10% of purchase price of the property or at least 10% of the cost of the renovations (if only renovations) in cash in a Bermuda bank account.
Have a property valuation within 3 months prior to purchase.
Have a property estimate or quote setting out the proposed renovations, cost and an appraisal outlining the completion value within programme limits, should renovations be required.
Written confirmation from Tax Commissioner that no government fees are outstanding (speak with Relationship Manager).
Loan to Value ratio and debt service ratio within programme limits.
Loan secured by way of a first legal mortgage of the property being purchases or transferred (for the full amount of the loan).

Additional Requirements

A loan to a Qualified Borrower of the programme must be:

For BMD $900,000 or less excluding Fees
Renovations up to BMD $50,000 may be included with the purchase. If included they must not exceed $900,000 for the total loan.

Interest Rates, Terms & Fees

Qualified Borrowers under the programme will:

Have a discounted interest rate while the borrower is a participant under the programme:
- Discounted interest rate of BCB Base Rate plus 2%.
- Loan interest rate to revert to standard interest rate when borrower no longer falls under the programme.
Will have a maximum term for a loan under this programme of 360 months (or 30 years)
The Guarantee under this program will remain for a maximum of 10 years or less depending on alternate terms.
Fees:
- Discounted Arrangement Fee of 0.75% of the total value of the loan amount. Normal legal fees and stamp duty apply (even if this increases the total loan amount over the BMD$900,00 so long as the base loan amount does not exceed BMD$900,000).

To confirm your eligibility to the program or to explore other financing options the following details are required:

A completed online Loan Request Form or BCB Personal Financial Statement
Verification of employment and salary
Three months of bank and credit card (if applicable) statements

Current Account

An everyday checking solution, providing easy access to deposits and withdrawals, streamlined online payments, and flexible transactions for daily banking needs.

Term & Deposit Products

Includes Fixed Deposit and Call Accounts with market leading interest rates, ideal for customers looking to grow savings over time.

International Wires & FX Rates

We offer worldwide fund transfers, enabling the transfer or receipt of funds internationally with competitive foreign exchange rates.

Local Bank & Internal Account Transfers

Quick and convenient movement of funds between personal accounts or within the local banking network, ensuring seamless money management

Online Bill-Pay Functionality

Pay utility bills and other invoices online, simplifying payment schedules and reducing paperwork

Visa® Platinum Credit Card

A premium credit card offering travel benefits, enhanced purchasing power, and added security features for everyday and international use.

Multi-Currency Accounts

Hold multiple currencies under one account, reducing exchange hassles and simplifying international transactions.

Lending Solutions

Flexible personal loans to support various life goals, from debt consolidation to major purchases, with tailored repayment options.

Digital banking

Secure, user-friendly platforms available around the clock, with low or zero transaction fees, intuitive navigation, and dedicated customer support.

Mortgages

Financing options for purchasing or refinancing property, featuring market leading rates and personalized consultation.

Learn more

Trust & Security

years

Serving Customers

Bermuda Monetary Authority Regulations

Essential Services

Personal Relationship Managers

Expert guidance, tailored solutions, and personalized support to help you navigate your financial journeys with ease and confidence.

Security

Comprehensive protection across all channels, including data encryption, multi-factor authentication, and proactive monitoring systems, ensuring a safe and reliable banking experience

Insured Deposits

Enjoy peace of mind knowing your funds are protected. Our insured deposit solutions ensure your money is safe, secure, and backed by regulatory safeguards — so you can bank with confidence.

Bank better today.

Experience seamless international transactions with unmatched ease, flexibility, and speed.

Apply for a Personal Account