Savings Accounts

Booster Savings Account

Start small. Grow big.

Lao Tzu said: “A journey of a thousand miles begins with a single step.” We all have to start somewhere, and that single step can be the start of something grand. That’s why we let you open your Booster Savings Account with only TT$100 (or US$100). From TT$500 (or US$500), you can collect tiered interest credited quarterly, and embark on your great financial journey.

Benefits:

Access to your funds anytime (via Online Banking, Tele-Banking and ATM facilities)
VISA International Debit Card available with your account
Cash withdrawals of up to TT$2000 daily
Free payroll credit to account holders

Take my first step to savings

A+ Savings Account

A beautiful financial future for your child...What could be better?

If you have a child, you are always thinking about which lessons to teach them next. How to treat others with love and respect. How to ride a bike. How to eat their vegetables (even if they don’t want to). And of course, you want to teach them how to manage their money wisely.

We designed the A+ Savings Account for parents or guardians who would like to open an account for a child. It’s a great way to encourage them to learn about saving money and accumulating interest. The initial deposit is TT$25 and the account can be opened for a child at any age from birth to 20 years.

Benefits:

No monthly fees
Free E-statements via Net Banking
Free LINX Card from age 11
VISA International Classic Debit Card from age 16
Online Banking – Read Only Access
Deposits accepted at ATM and check-out counters
Interest accrues on balances from as low as TT$25

Start my child's financial future today

Private Plus Account

If you are looking for a chequing account with higher than average returns and the flexibility of
withdrawing funds as required.

If you’re looking for a chequing account that compliments your lifestyle consider our Private Plus Account.

Features

Minimum opening balance TT$10,000 /US$5,000.
Minimum balance to be maintained to earn interest TT$10,000
No interest earned if balance falls below TT$10,000
Interest payable on balances below US$5,000
Tiered interest calculated on closing daily balance and credited monthly
Salary may be credited to the account

Benefits:

Earn interest on amounts over TT$10,000 or US$5,000 while still being able to access funds
Account information readily accessed via JMMB Bank Net
Access to cheque books (TT$ only)
Overdraft may be secured
Covered by deposit insurance up to TT$125,000 (TT$ account only)

Open a Private Plus account today

Professional Chequing Account

As professional as you are

Being professional comes from within. It comes from the values you already have: treat people with love and respect, present yourself well, and always be polite.

If you’re looking for a chequing account that compliments your professional attitude, consider our Professional Chequing Account. You can open it with a deposit of TT$500, with tiered interest credited quarterly.

Benefits:

Access to your funds anytime (via Cheques, Online Banking, Tele-Banking and ATM facilities)
VISA International Debit Card available with your account
Receive Quarterly interest payments

Open a Professional Chequing Account today

Term Deposits: Certificate of Deposit (CD) and Advance Term Deposit

Be smart. Be secure. Invest in a CD or an Advance 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) such as a Certificate of Deposit (CD) or an Advance Term Deposit. These are worry-free deposits, as you’re guaranteed a return on your funds.

CD:

The qualifications

Individuals or companies
Living/ based in Trinidad and Tobago or abroad
Start with a minimum deposit of
- TT$1,000
- US$1,000

The benefits

High Returns: Earn higher interest rates than on ordinary savings accounts
Security: Breathe easy, your funds are insured by the Trinidad and Tobago Deposit Insurance Corporation*

The details

Your funds are placed for a fixed time period, at a fixed interest rate
Interest and principal are paid at maturity
2% penalty for breaking deposit before maturity

*Insurance of up to TT$125,000

Advance Term Deposit:

The qualifications

Individuals or companies
Living/ based in Trinidad and Tobago or abroad
Start with a minimum deposit of
- TT$50,000
- US$10,000

The benefits

Interest Now: Your account pays interest up front
High Returns: Earn higher interest rates than on ordinary savings accounts
Security: Breathe easy, your funds are insured by the Trinidad and Tobago Deposit Insurance Corporation*

The details

Your funds are placed for a fixed time period, at a fixed interest rate
Simply walk away with the upfront interest, deposit it in your JMMB Bank account, or re-invest it to obtain even more savings income
2% penalty for breaking deposit before maturity

*Insurance of up to TT$125,000

Grow my money with Term Deposits

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$10,000
Terms range from 12 months to 3 years
Rates will be re-priced at the end of every calendar quarter in proportion to movement of the 90-day TT$ Treasury Bill Rate
Flexible interest payments (Quarterly, Semi-annually and annually)
Covered by Deposit Insurance up to TT$125,000 (TT$ ONLY)
No maintenance fees

Benefits

Premium Interest Rates
Rate varies over the period
Can be used as collateral
Can be opened jointly
Option for automatic renewal

Interest

Effective rate is the 90-day TT$ Treasury Bill Rate plus a Premium
Interest is calculated on your principal balance and payable quarterly, semi-annually and annually or at the end of the term
Guaranteed return equal to Premium on the establishment of deposit
Terms range from 12 months to 3 years

Ready to step-up your investment today? Complete your Step-up Planner

Debit Cards

VISA International Debit Cards

Go anywhere with your bank in your pocket

Trinidad and Tobago is international as places come. We have people from all over the world and, as such, travelling is part of our life. We are explorers and foreign workers, we are members of the world, as well as citizens of Trinidad and Tobago.

When you travel, it’s best to make sure you can access your funds from anywhere in the world. The Visa International Debit Card offers this service, along with the following benefits.

Visa Classic

ATM limit TT$2,000.00 daily*
Point of Sale limit TT$10,000.00 daily
Annual Fee TT$150.00
International ATM fee TT$33.00
For USD Limits Conditions apply

Visa Gold

ATM limit TT$2,000.00 daily
Point of Sale limit TT$20,000.00 daily
Annual Fee TT$200.00
International POS fee US$5.00 (TT$33.00)
For USD Limits Conditions apply

The benefits:

Limited Transaction Fees: Use any bank ATM- TT$4.00 charged for insufficient fund transactions
Make Purchases Online: Shop right from your phone and save time and money.
Cheaper than using a credit card: Avoid an average of 24% interest per annum, on outstanding balances.
Ideal for students studying abroad: Support your children’s dreams via deposits made locally.
Free Insurance Coverage: Visa Gold Debit Card offers – Price Protection Insurance (up to US$400.00), Purchase Protection Insurance – (up to US$1,000.00) and Extended Warranty Insurance – (up to US$5,000.00) while the VISA Classic Debit Card offers - Price Protection Insurance (up to US$200.00).
Safer than cash: Accepted at over 22 million locations worldwide and protected by a pin.

Code of Practice for Debit Cards

Card Fraud Prevention Tips