We fully appreciate that when placing your business, you have choices. In selecting us as custodian of your funds not only will we provide you with a competitive rate, we will ensure that your relationship is managed by a dedicated client relations officer. We will also ensure that your funds are prudently invested thereby ensuring that you are not exposed to unnecessary risk.
Your liquidity requirements will dictate the term of your deposit and we have a range of options designed to meet your needs, whether they be for overnight placement or for a term of up to one year:
Demand Deposit Accounts (Current Accounts)
Activity normally comprises incoming and outgoing wire payment
Minimal outward payment activity – deposit is treated as a Call Deposit
Interest will accrue and be paid on a quarterly basis
Clients are committing their deposits for terms ranging from one month to one year
Competitive rate will be quoted and interest will be paid on the maturity
Deposit interest rates are available on request.
Inward Payments: Accounts are normally credited on the day of receipt unless we require additional due diligence information.
Payments are normally dispatched on the day the wire instructions are received, provided such instructions have been received and verified by us no later than 2:00 p.m. local time.
While we do not offer an active foreign exchange service, we do quote rates for the conversion of those currencies that may be deposited with us.
We offer credit cards denominated in US Dollars, Euros & Singapore Dollars on a cash collateralised basis representing 150% of the credit limit.
Please contact us with respect to your credit card application.
Bank of New Innovation Limited
Island Main Road
St Thomas Parish
Telephone: (1) 869 469 7770
Fax: (1) 869 469 5798
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