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Savings Accounts

Statement Savings Account

Our savings account allows you to store and accumulate funds while earning interest. It serves as a secure place to save money for short-term or long-term financial goals. With our savings accounts, you earn interest on your savings, your funds are accessible anytime, and it is low-risk and safe.  

Individual Application Form
Business Application Form
Company Application Form

Account Details

  • Interest Rate: 0.35% p.a.
  • Minimum Deposit: $2,000
  • VISA Debit Card Fee: $1,000

Account Requirements

  1. A valid Driver’s Licence (the card)
    In the absence of a Driver’s Licence:
    • National Identification Card or Valid Passport
    • Recent Proof of Address (dated within the last 6 months)
    • TIN
  1. A Job Letter or Payslip (issued within the last three months). If self-employed, your Business Registration and prior year financials are required.
  2. Confirmation of Residency letter & ID/PP (if a third-party proof of address is used)
  3. One (1) passport-size photograph for each applicant if the image on the ID is unclear.
  4. Marriage Certificate / Deed Poll / Absolute (if applicable)

Key Features

  • Joint Account Capability: This account can be opened as a joint account, allowing multiple individuals to access and manage the account, making it ideal for partners or families.
  • Accessibility: Conveniently access your funds whenever required with your VISA Debit Card, offering the flexibility and ease to shop online, tapping or swiping at any POS terminal or using any ATM.
  • Security: Your savings are protected within our robust and secure system, offering you peace of mind.
  • E-Banking Access: Conveniently view your account activity online via our E-Banking platform designed with added convenient features to enhance your banking experience. Click here: https://retail.demerarabank.com/
  • Instant Spending: No preloading required with DBL Visa Cards! Access funds directly from your account.
  • Immediate Alerts: Receive real-time email notifications whenever your card is used for point-of-sale, online transactions or withdrawals at other-bank ATMs, ensuring you stay informed about your account activity at all times. Click here: https://purchasealerts.visa.com/vca-web/check
  • Customer Support: Connect with our experienced customer support representatives on 592 624-0828, +592 728-0828 or via email on [email protected] for assistance with general account-related questions or concerns.