VMBS iSAVE ACCOUNT

The VMBS iSave Account provides a convenient and attractive financial alternative that fosters the discipline of saving consistently and provides VMBS customers with real returns in line with their financial needs. iSave is available to customers who wish to save in Jamaican, US or Canadian Dollars  or Great Britain Pounds.

Features & Benefits

• Monthly deposits must be made by standing order (e.g. bankers order; salary deduction) or via wire/money transfer
• Customers can save more than the agreed contract amount, but not less, over the life of the account
• Withdrawals are allowed on the anniversary date and up to 20 business days after
• Interest is accrued daily and credited annually and may be capitalized (i.e. rolled over, paid by cheque or transferred to a savings account) on the anniversary date of the account
• Customers may access a VMBS Share Loan by borrowing up to 90% of the value of the account. This is applicable on all iSave Accounts, except for accounts maintained in Great Britain Pounds by UK residents.

*Conditions apply