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Fixed Term Deposit Rates

 

 Fixed Term Deposit Rates

 
1 Year2 Years3 Years4 Years5 Years
Bermuda Dollar Fixed Term DepositsNominal (Effective*)Nominal (Effective)Nominal (Effective)Nominal (Effective)Nominal (Effective)
$5,000 to $24,999.990.100% (0.100%)0.500% (0.501%)0.600% (0.601%)0.650% (0.652%)0.700% (0.702%)
$25,000 to $99,999.990.100% (0.100%)0.500% (0.501%)0.600% (0.601%)0.650% (0.652%)0.700% (0.702%)
$100,000 to $499,999.990.100% (0.100%)0.500% (0.501%)0.600% (0.601%)0.650% (0.652%)0.700% (0.702%)
$500,000 to $999,999.990.100% (0.100%)0.500% (0.501%)0.600% (0.601%)0.650% (0.652%)0.700% (0.702%)
$1,000,000 to $4,999,999.990.200% (0.200%)0.600% (0.601%)0.700% (0.702%)0.750% (0.752%)0.800% (0.802%)
$5,000,000+quote upon request**quote upon requestquote upon requestquote upon requestquote upon request
 

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*Effective Rate = Annual yield resulting from quarterly compounding payout.

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** For quotes please contact our Treasury Department at (441) 295 4880.

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All rates are subject to change without notice.

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Breakage: The cost of replacement funding, as determined at the Banks’ sole discretion, in addition to a breakage fee of up to 3% (minimum of $250)

 


 

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