Global Business Banking

What We Do

Business Current Account

Wires & FX Rates

Local Bank & Internal Account Transfers

Multi-Currency Accounts

Term & Deposit Products

Developer APIs

Digital Banking

Custody & Trading

Visa® Gold Business Credit Card

Commercial Lending Solutions

Check Our Rates

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

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

Open Account

32 Days

2.5

*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+

7 Days

14 Days

21 Days

30 Days

1.25

60 Days

1.75

90 Days

180 Days

2.25

12 Months

2.5

18 Months

2.75

24 Months

3.25

36 months

3.5

48 months

2.75

60 months

2.75

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%

1.75%

2.50%

0.90%

0.00%

2 Month

1.50%

1.65%

2.50%

1.25%

0.00%

3 Months

2.25%

1.55%

2.50%

1.40%

0.00%

6 Months

2.50%

1.45%

2.50%

1.40%

0.00%

12 Months

2.75%

1.25%

2.75%

1.25%

0.00%

18 Months

3.00%

1.00%

2.50%

0.75%

0.00%

24 Months

3.50%

1.00%

2.00%

0.75%

0.00%

36 Months

3.50%

1.00%

2.00%

0.75%

0.00%

48 Months

2.50%

1.00%

2.00%

0.75%

0.00%

60 Months

2.50%

1.00%

2.00%

0.75%

0.00%

Open Account

*ALL RATES ARE QUOTED AS ANNUAL RATES OF RETURN

Business Current Account

A specialized checking account tailored for corporate and institutional clients, facilitating efficient management of online payments, direct deposits, and routine financial transactions.

International Wires & FX Rates

Our membership in the SWIFT network enables seamless straight-through processing, ensuring rapid and precise international fund transfers.

Local Bank & Internal Account Transfers

Immediate, cost-free transfers within Bermuda's Automated Clearing House network or between your own BCB accounts.

Multi-Currency Accounts

Manage multiple currencies within a single interface to effectively mitigate foreign exchange risks.

11 Currencies supported:

BMD

USD

CAD

GBP

EUR

NZD

AUD

CHF

JPY

NOK

SGD

Visa Gold Business Credit Card

Offering adaptable credit limits, comprehensive security measures, and tailored to accommodate extensive travel and business expenditures.

Empowering Your Business with Personal Digital Banking

Apply for a Business Account

Driving Global Business Growth

2024-2025

50%+

*Assets under Custody

2024-2025

60%+

*Corporate Deposits

2024-2025

50%+

*Revenue Growth

Key Services

Developer Friendly

Our platform provides RESTful APIs, and sandbox environments, enabling real-time data exchange and seamless payment processing.

Developers

Digital Banking

Our secure and intuitive online platform offers businesses round-the-clock access to manage accounts and payments, with minimal or no transaction fees. It features detailed access controls to ensure security across various user roles.

Term & Deposit Products

We offer highly competitive fixed deposit and call account rates_, making it an ideal choice for businesses aiming to maximize their cash reserves and achieve superior returns.

Commercial Lending Solutions

Our commercial lending solutions offer adaptable financing options tailored to businesses of varying scales, facilitating growth, addressing working capital requirements, and supporting significant capital investments.

Custody & Trading services

BCB offers global securities custody for clients. BCB can also provide access to the global capital markets for clients (individuals, trusts, and companies) who trade equities, debt, mutual funds, precious metals or commodities.

Excited to take your banking to the next level?

Streamline your global financial operations with unparalleled efficiency, adaptability, and rapid execution.

Apply for a Business Account