"A" Account - Tax Free Foreign Currency

If you are looking for a tax-free interest-bearing account, JMMB MB offers the “A” Account or the 366A Account as the perfect savings option.

Who Can Benefit
  • People living outside of Jamaica
What You Get
  • Attractive Interest Rates on your foreign currency account
  • Security: Funds are insured by the Jamaica Deposit Insurance Corporation
  • Funds can be wired into the account from overseas
How It Works
  • Investors are required to submit proof of overseas residence. E.g. a utility bill
  • Funds must originate from overseas. Cheques must be drawn on an overseas bank or wired into the account. We do not accept cash for this account
  • Funds are placed for a fixed period of time and for a fixed interest
  • Interest and principal paid at maturity

 

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* Rates Updated: July 3, 2017

USD

Amount30 Days90 Days180 Days366 Days
1,000 - 9,9990.1%0.2%0.35%0.5%
10,000 - 24,9990.15%0.25%0.55%0.95%
25,000 - 49,9990.2%0.45%0.65%1.1%
50,000 - 99,9990.35%0.65%1%1.3%
100,000 - 249,9990.45%0.75%1.1%1.45%
250,000 - 499,9990.8%0.95%1.4%1.5%
500,000 and above****

GBP

Amount30 Days90 Days180 Days366 Days
1,000 - 9,9990.15%0.5%0.75%0.85%
10,000 - 49,9990.2%0.65%0.85%1%
50,000 - 99,9990.55%0.75%1%1.15%
100,000 and above****

CDN

Amount30 Days90 Days180 Days366 Days
1,000 - 9,9990.2%0.35%0.5%0.8%
10,000 - 49,9990.35%0.45%0.65%0.9%
50,000 and above****

calculate your interest

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