Jamaica Interest Rates

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.

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Jamaica Banks

Showing rates for 6 Bank deposit providers in Jamaica.
Bank Branch Founded Ownership
National Commercial Bank Jamaica National Commercial Bank Jamaica 36 1977 Local
Scotiabank Jamaica Scotiabank Jamaica 35 1889 Foreign
FirstCaribbean International Bank Jamaica FirstCaribbean International Bank Jamaica 13 1920 Local
RBC Royal Bank Jamaica RBC Royal Bank Jamaica 13 Foreign
First Global Bank First Global Bank 7 1970 N/A
Citibank Jamaica Citibank Jamaica 2 1960 Foreign

Jamaica Discussion Activity

  • National Commercial Bank Jamaica - Deposits - NCB 6 Month Fixed Deposit
    Q: Can I open a fixed account online?

    Kirk from Montego Bay, Jamaica
  • National Commercial Bank Jamaica - Deposits - NCB 1 Year Fixed Deposit
    Q: what is the disposition of any account where the owner has not accessed it for a number of years, does it keep renewing? Say it's a fixed deposit account? Is there a time limit where it might go to the government?

    Navadean from Boynton Beach, United States
  • FirstCaribbean International Bank Jamaica
    Q: What are the requirements to open a savings accounts?

    Atia Peart from Mandeville, Jamaica
  • National Commercial Bank Jamaica
    Q: I need some information on dormant accounts how do i get reactivated and how much do i have to pay and how long does a account takes to be dormant

    Marjorie from Kingston, Jamaica
  • Citibank Jamaica
    Q: Hello,if I have a bank account with citi bank in America can I withdraw money from it if ,I should travel to Jamaica and what would the fees be if any..

    Keisha from Chicago, United States
  • Loans
    Q: Hi , I'm looking to buying a home very soon , I'm a member if ncb bank , and I'd like to know if there's a certain amount of money that I'd need to have to down payment on a home through the ncb bank .

    Andrea genius from Nassau, Bahamas
  • Savings
    Q: If I deposited $50,000 USD. How much will I earn in USD monthly. And will I be able to withdraw in us wheever I need to?

    Michael Somers from Columbus, United States
  • First Global Bank
    Q: Do you have to be earning over 2 million dollars per year to receive an unsecured loan?

    dian from Kingston, Jamaica
  • First Global Bank
    Q: Good day.can I apply for a credit card if I am self employed? I have an apartment that I rent.would that qualify me for one?thanks in advance.

    Tanya from Kingston, Jamaica
  • National Commercial Bank Jamaica
    Q: Hey, I want some info on an auto loan, can I speak with someone online coz I am unable to come to the bank

    shawn from Kingston, Jamaica