Solutions to meet
your needs
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
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
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