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The products referred to below are offered only by Scotia Jamaica Building Society (a wholly owned subsidiary of The Bank of Nova Scotia Jamaica Limited).
ScotiaGROW is a tax-free1 account that earns interest quarterly for a term of five years, maximizing your earnings while minimizing your risk.
Features
- Preferential interest rates
- Interest compounded quarterly (interest paid on interest)
- Minimum Opening Amount: $50,000
- Maximum deposit: $1 million in any one year; $5 million in five years
- No regular monthly deposit required
- Each deposit is treated as a separate ScotiaGROW account
- No management fees
- Ideal for saving towards long-term goals
- Backed by Government of Jamaica securities
Opening your ScotiaGROW account is easy. Contact us today, or visit any of our Scotiabank branches for more details on this product, and how you can easily transfer your existing business to Scotiabank.
1Exempted from income tax and withholding tax (subject to the applicable tax laws as revised from time to time)
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