Our Rates

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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.

To Take Advantage of our Term Deposit Rates apply for an Account Today APPLY FOR AN ACCOUNT

*Interest payments will be applied on the next available business day, if the quarterly, semi-annual, or annual payment is on a weekend or currency value date holiday.

Below are today’s Indicative Fixed Deposit Rates*

Term

BMD/USD

CAD

GBP

EUR

NZD

AUD

1 Month

2.00%

2.50%

3.00%

1.40%

0.00%

0.00%

2 Months

2.50%

2.40%

3.00%

1.75%

0.00%

0.00%

3 Months

2.75%

2.30%

3.00%

1.90%

0.20%

0.05%

6 Months

3.00%

2.20%

3.00%

1.90%

0.20%

0.05%

12 Months

3.25%

2.00%

3.25%

2.00%

0.30%

0.10%

18 Months

3.50%

1.75%

3.00%

1.25%

0.00%

0.00%

24 Months

3.00%

1.75%

2.50%

1.25%

0.00%

0.00%

36 Months

2.75%

1.75%

2.50%

1.25%

0.00%

0.00%

48 Months

2.75%

1.75%

2.50%

1.25%

0.00%

0.00%

60 Months

2.75%

1.75%

2.50%

1.25%

0.00%

0.00%


*ALL RATES ARE QUOTED AS ANNUAL RATES OF RETURN


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

Amounts of $500,000-$999,000

Amounts of $1 Million Plus

1 Month

2.25%

2.50%

2 Months

2.25%

2.50%

3 Months

3.25%

3.50%

6 Months

3.25%

3.50%

12 Months

3.50%

3.75%

18 Months

3.75%

4.00%

24 Months

3.25%

3.50%

36 Months

3.00%

3.25%

48 Months

3.00%

3.25%

60 Months

3.00%

3.25%


*ALL RATES ARE QUOTED AS ANNUAL RATES OF RETURN


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. The minimum deposit requirement is BMD/USD $5,000.

Indicative Notice Account Rate*

DAY COUNT

RATE

32 Days

2.50%

Base Lending Rates

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

BCB BASE RATE

RATE

Residential

3.00%

Commercial

3.00%

*Rates are subject to change without notice and can be withdrawn at any time.

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Or contact us at +1 (441) 295-5678 and ask to speak to a Customer Experience Representative.

Our Services

Need Help ?

Please feel free to contact us.

+ 1 (441) 295-5678
enquiries@bcb.bm Enquiry Form

Bermuda Commercial Bank