Bermuda Commercial Bank > Our Deposit Rates

Our Deposit Rates

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The best term deposit rates on the island

Fixed Deposit Rates 

Bermuda Commercial Bank Limited fixed deposits 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 term deposits. 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.

We provide fast on-boarding of BMD & USD Fixed Term Deposits (for 1, 1.5 and 2 years) Open a Term Deposit

Below are today’s Indicative Fixed Deposit Rates*

Term

BMD/USD

CAD

GBP

EUR

NZD

AUD

1 Month

0.10%

0.00%

0.00%

0.00%

0.00%

0.00%

2 Months

0.15%

0.70%

0.32%

0.00%

0.60%

0.33%

3 Months

0.30%

0.80%

0.36%

0.00%

0.70%

0.35%

6 Months

0.45%

0.90%

0.39%

0.00%

0.80%

0.40%

12 Months

1.00%

0.95%

0.35%

0.00%

0.85%

0.45%

18 Months

1.50%

0.00%

0.00%

0.00%

0.00%

0.00%

24 Months

2.00%

0.00%

0.00%

0.00%

0.00%

0.00%

36 Months

2.10%

0.00%

0.00%

0.00%

0.00%

0.00%

48 Months

2.20%

0.00%

0.00%

0.00%

0.00%

0.00%

60 Months

2.30%

0.00%

0.00%

0.00%

0.00%

0.00%

Notice Call Deposit

A Notice Call Deposit 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.

Indicative Notice Account Rate*

DAY COUNT

RATE

32 Days

0.15%

*Rates are subject to change without notice and can be withdrawn at any time.

Interested in knowing more about our Accounts and Products? Yes, tell me more

Or contact us at +1 (441) 295-5678 and ask to speak to Customer Experience Representative or individuals can Open a Term Deposit Account on-line.

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