Fixed Deposits

Overview

Our Fixed Deposit Account can earn you a greater return on your money with than a savings account. Ours offers flexibility at competitive rates of interest. The maturity date can be fixed from one week to one year. After the year is up, there is an option to roll over.

Need more information?

Small Businesses

Call us on 299-5555

Larger Businesses

Call us on 299-5333

Key features and benefits

The Fixed Deposit can be established in Bermuda or US Dollar currency and for a standard time period of your choosing.
The rate of interest is based on the prevailing market rates.
Deposit is secured by the Bank’s balance sheet
Superior return to that of savings accounts
No administrative charges

What you should know before you apply

Interest paid at maturity
Penalty applies only if deposit is redeemed prior to maturity date

Bank of Bermuda is licensed to conduct investment business by the Bermuda Monetary Authority.

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