Solutions for
all your life goals
Booster Savings
We know that you don’t like throwing that hard-earned money away. We don’t, either. Boost your savings with JMMB.
Features:
- Minimum opening balance TT$250 / US$100
- Annual fee for Visa Debit card
- Minimum balance which must be maintained TT$50 / US$100
- Minimum balance to be maintained to earn interest TT$1000 / US$500
- Salaries may be credited to your account
- Standing Orders may be established on the account
- Monthly E-statements
Benefits:
- Access cash while saving towards a future goal
- Earn interest on balances of TT$500 / US$500 and over
- Access to a Visa Debit Card which can be utilised anywhere the Visa sign
is displayed - Account information is readily available via Moneyline Online Banking
- Covered by deposit insurance up to TT$125,000 (TT$ account only)
Schedule an appointment to learn more
Youth Account
Start your children saving early
The Youth Account is for parents or guardians who would like to open an account for a child from birth to age 18. It’s a great way to encourage your child to learn about saving money and accumulating interest.
Features:
- Account must be opened jointly in name of parent/guardian and child
- Minimum Opening Balance - TT$25.00
- Mandatory Minimum Monthly Deposit - TT$20.00
- ACH Debit/Standing Order must be established
- Read-only access via Moneyline Online Banking
- Account not applicable as collateral
- Age 16 and over- Visa International Chip and PIN Debit Classic Card
- Card issued in the name of the child not the guardian/ parent
Benefits
- To encourage saving and financial discipline
- Interest is calculated on balances as low as TT$25.00
Schedule an appointment to learn more
"I would recommend anyone to join this bank. Their service is great, pleasant professional and they go the extra mile. Great service great bank. Keep up the good work." - Gabriella
Save to Own
Saving towards Home Ownership
Turning the keys to your own home does not have to be a far off goal. With JMMB we will work with you to make that goal closer to you than you think.
Features:
- Min. Opening Balance TT$3,500
- Term Commitment – 1 to 5 years
- No Card Offered
- No Withdrawals permitted
- No Monthly Admin Fees
- Read-Only Access to Moneyline Internet Banking to view balances and retrieve E-Statements
Benefits
- Higher Interest earned as a reward for the commitment to save
- Account information is readily available via Moneyline OnlineBanking
- Covered by deposit insurance up to TT$125,000 (TT$ account only)
JMMB EZ Access Pro
Manage your month-to-month expenses with JMMB. A chequing account that helps you manage and reach your life goals.
Features :
- Minimum opening balance TT$500 plus an annual fee for Visa Debit card.
- Minimum balance which must be maintained TT$500
- Minimum balance to be maintained to earn interest TT$5,000
- Salary may be credited to the account
- Standing Orders may be established on the account
- Monthly E-statements
*Benefits:
- Earn interest on amounts over TT$ 5,000 while still being able to access funds
- Access to a Visa Debit Card which can be utilised anywhere the Visa sign is displayed
- Account information readily accessed via Moneyline Online Banking
- Access to cheque books
- Overdraft may be secured
- Covered by deposit insurance up to TT$125,000 (TT$ account only)
JMMB EZ Access Private Plus
Manage your month-to-month expenses with JMMB. A chequing account that helps you manage with higher returns and the flexibility of withdrawing funds as required.
Features :
- Minimum opening balance TT$10,000 /US$5,000
- No interest earned if balance falls below TT$10,000/ US$10,000
- Standing Orders may be established on the account
- Monthly E-statements
- Covered by deposit insurance up to TT$125,000 (TT$ account only)
Benefits:
- Earn interest on amounts over TT$10,000 and amounts over US$10,000 while still being able to access funds
- Access to a Visa Debit Card which can be utilised anywhere the Visa sign is displayed
- Account information readily accessed via Moneyline Online Banking
- Access to cheque books (TT$ only)
- Overdrafts may be secured
- Covered by deposit insurance up to TT$125,000 (TT$ account only)
Schedule an appointment to learn more
Term Deposit
You’ve worked hard for your money, so when you have the capital to invest, you want to do it wisely. You want to see your money grow, but you also want to play it safe. We don’t blame you. If you want the best of both worlds, deposit funds in a secure, interest-bearing account (with attractive returns)
Features :
- Minimum deposit of TT$1,000 or US$1,000
- Principal together with interest earned payable only at maturity
- Terms – 30, 90, 180, 360 days
- No monthly administrative fees
- Excellent security for loans
- Penalty incurred for breaking deposit
- Automatic roll-over option at maturity if no instruction received
- Available in TTD or USD
Benefits:
- Highest interest rates for fixed deposits among competitors
- Can be used as collateral/security for loans
- Covered by Deposit Insurance up to TT$125,000 (TT$ only)
Schedule an appointment to learn more
JMMB Advantage
This is a short term investment geared towards investors who wish to leave funds untouched for a fixed period in a secure investment paying a competitive interest rate.
Features :
- Minimum deposit of TT$50,000 or US$10,000
- Available in 6 or 12-month terms
- No monthly administrative fees
- Excellent security for loans
- Penalty incurred for breaking deposit
- Automatic roll-over option at maturity if no instruction received
- Interest can be paid to an account or via cheque
- Excellent security for loans
- Available in TTD or USD
Benefits:
- Only investment in the market for which Interest is paid upfront at the time the investment is established
- Deposit can be used as collateral/security for loans
- Covered by Deposit Insurance up to TT$125,000 (TT$ only)
Schedule an appointment to learn more
Step-Up Rate Deposit
When you’re thinking of maximizing your savings
You don’t take investment lightly. If you’re going to invest, you want to be sure you’ll see the returns with as little risk as possible.
Our Step-up Rate Deposit is the ideal solution when seeking a medium to long-term investment (12 months - 3 years).
Features :
- Minimum Investment-TT$ 10,000; Maximum Investment- TT$10,000,000
- Effective Rate is the Weighted Average 90-day TT$ Treasury Bill Rate plus a “Premium” rate
- Premium is based on the amount and term of the investment
- Terms range from 1 year to 3 years
- Offered in TT$ only
- Investment may be joint
- Client is guaranteed a minimum return equal to the Premium at the inception of the deposit
- Excellent security for loans
Benefits:
- Variable Interest Rate which is re-priced quarterly and comprised of the Weighted Average 90-day TT$ Treasury Bill Rate plus a Premium
- Competitive Returns
- Guaranteed minimum return of the “Premium” at the inception of the investment
- Flexible interest payments (quarterly, semi-annually, annually) may be paid into an account or via cheque
- Covered by Deposit Insurance up to TT$125,000
- No management or administrative fees
- Automatic Renewal on maturity unless otherwise stated
Schedule an appointment to learn more