Compare Bank Interest Rates in Jamaica
Jamaica is located in North American geographic region, south of Cuba and east of Mexico. It has a population of 2.8 Million (Est 2010) and its economy ranks 112th in the world. It has a GDP PPP of 24.75 billion and GDP PPP per capita of 9,029 vs 48,387 (United States) according to the IMF in 2011. The Jamaican national currency is the Jamaican Dollar (JMD). Within Jamaica banks provide savings products such as savings accounts as well as fixed interest deposit product called a 'Certificate of Deposit' or 'Fixed Deposit'. According to the CIA.gov website its inflation was estimated to 7.7% in 2011 and 12.6% in 2010.
Deposit Accounts in Jamaica
|Deposit Account Type||Term||APY||Account Details|
|NCB 1 Year Fixed Deposit||1 year||6.95%||The interest rate for this NCB local fixed deposit is for a 7-12 month term and requires a balanc - JMD - Jan, 2015||More Info|
|Scotiabank Jamaica 1 Year Certificate of Deposit||1 year||1.75%||The interest rate for this product 'Certificate of Deposit' is for 365 days or 1 year term. The b - JMD - Jan, 2015||More Info|