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 | 2.25% | 2.00% | 2.50% | 2.00% | 0.00% | 0.00% |
2 Months | 2.75% | 2.25% | 2.60% | 2.25% | 0.00% | 0.00% |
3 Months | 3.00% | 2.25% | 2.75% | 2.50% | 0.20% | 0.05% |
6 Months | 3.75% | 2.50% | 3.00% | 2.00% | 0.20% | 0.05% |
12 Months | 4.00% | 3.00% | 3.25% | 2.25% | 0.30% | 0.10% |
18 Months | 3.25% | 3.25% | 3.00% | 2.00% | 0.00% | 0.00% |
24 Months | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
36 Months | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
48 Months | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
60 Months | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 | 3.50% | 4.00% |
2 Months | 3.50% | 4.00% |
3 Months | 4.00% | 4.50% |
6 Months | 4.25% | 4.50% |
12 Months | 4.50% | 5.00% |
18 Months | 4.00% | 4.25% |
24 Months | 3.75% | 4.00% |
36 Months | 3.50% | 3.75% |
48 Months | 3.50% | 3.75% |
60 Months | 3.50% | 3.75% |
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.
