Guaranteed Certificate of Participation

A Guaranteed Certificate of Participation is an interest-bearing agreement between Capital & Credit Merchant Bank (CCMB) and the client, whereby CCMB agrees to sell to the client a participation of up to 95% of the balance in a loan. Investments are usually for a minimum of 30 days and a maximum of 180 days.

Who Can Benefit
  • Individuals in Jamaica or abroad with a minimum investment of J$100,000 or US$10,000
What It Offers
  • Attractive interest rates
  • Guaranteed repayment of your principal investment, with interest
How It Works
  • Funds are invested in loans guaranteed by the Bank
  • Funds may be lodged for 30 days, 60 days, 90 days, 120 days or 180 days
  • Once opened, a Guaranteed Certificate of Participation account cannot be increased
  • At maturity, repayment may be made in any other currency, subject to exchange rate and currency availability
  • Encashment before the agreed maturity date may result in a reduction of interest

Click here to make further enquiry about this product

* Rates Updated: January 5, 2011

JAD

Amount30 Days60 Days90 Days180 Days365 Days
100,000 - 249,9993.25%3.5%3.75%**
250,000 - 499,9994.15%4.25%4.55%**
500,000 - 999,9994.45%4.55%4.8%**
1,000,000 - 4,999,9995.5%5.75%6%**
5,000,000 and above5.85%6.15%6.25%**

USD

Amount30 Days60 Days90 Days180 Days365 Days
10,000 - 24,9992.15%2.4%2.55%2.75%3%
25,000 - 49,9992.35%2.55%2.75%3.05%3.25%
50,000 - 99,9992.55%2.9%3.05%3.25%3.4%
100,000 - 249,9992.65%3%3.25%3.4%3.5%
250,000 - 499,9992.9%3.15%3.4%3.75%3.9%
500,000 and above*****

calculate your interest

TenorCurrencyAmount