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Requirements

Applicants Residing Locally

  • Full registered name and name(s) used (i.e. first, middle and last name)
  • Date, place of birth and nationality
  • Applicant’s current and previous addresses, including postal code
  • Proof of your address (utility bill, receipt or other bills).
  • Telephone number(s) - (home, work and mobile)
  • Current and valid identification
  • Taxpayer Registration Number (TRN) OR Jamaican Driver’s licence bearing this number OR its overseas equivalent (Social Security Number (SSN) US Resident, Social Insurance Number (SIN) – Canadian Resident), National Insurance Number (NIN) – UK Resident
  • Occupation and name of employer (if self-employed, the nature of the self employment)
  • Two (2) references
  • The minimum required to open this account is $25,000 Jamaican Dollars OR 1,000 Pound Sterling, United States OR Canadian Dollars
  • Source of funds

* If a child below 16 years is to be added to this account, the child's Birth Certificate is required.

Applicants Residing Overseas

  • Notarized copy of your valid identification (Passport, Driver's License, Alien Registration Identification Card or State Identification Card or Naturalization Certificate with Picture) *
  • The minimum amount of US$1,000 or its equivalent required for opening the account. Only International/Postal Money Order cheques will be accepted.
  • Your completed Customer Information Form (CIF) which will be mailed to you upon submission of your full name and address to info@jnbs.com.
  • Proof of your address (utility or cable bill or bank statement).
  • Birth certificate (only for minors)
  • International Money Orders, Postal Money Orders or Cashier’s (Manager) cheques made payable to Jamaica National Building Society. (Personal cheques or cash will not be accepted)
    • A notarized letter stating the type of account to be opened, the names and signatures of the persons to be added to the account and any other specific instructions
    • Each signature should be notarized separately.
  • For Jamaican Immigrants who previously had a Tax Registration Number (TRN), this must be obtained.
  • Tax Identification Number (TIN) or Social Security Number (SSN) are not mandatory to open a Savings account.
  • • The minimum amount of US$1,000, CDN$1,000, CI$1,000 or Sterling $1,000 required for opening the account. Only International Postal/Money Order Cheque will be accepted.

* If a child below 16 years is to be added to this account, a notarised copy of the Birth Certificate is required.
Please mail all documents to our Internal Processing Centre located at 2-4 Constant Spring Road Kingston 10, Jamaica W.I.

The future is yours!

*Benefits only apply to persons residing locally.  query

Local Rates


30 days90 days180 days365 days
$25,000 - $49,9990.75%0.80%0.95%1%
$50,000 - $199,9991%1.10%1.25%1.50%
$200,000- $499,999 1.50%1.60%1.75%2.00%
$500,000-$999,999.991.75%1.85%2.00%2.25%
$1,000,000 -$4,999,999.992.00%2.10%2.25%2.50%
$5,000,000 - and Over2.25%2.35%2.50%2.75%

Overseas Rates

US $30 days90 days180 days365 days
$1,000 - $19,9990.85%0.85%0.90%0.90%
$20,00 - $49,9990.95%0.95%1.00%1.00%
$50,000-$79,9991.00%1.00%1.05%1.05%
$80,000-$99,9991.05%1.05%1.10%1.10%
$100,000- $299,9991.20%1.20%1.25%1.25%
$300,000-$499,0001.25%1.25%1.30%1.30%
$500,000 AND OVER1.35%1.35%1.40%1.40%
CDN $30 days90 days180 days365 days
$1,000 - $19,9990.25%0.25%
0.30%0.30%
$20,00 - $49,9990.30%0.30%
0.35%0.35%
$50,000 - $79,9990.35%0.35%
0.40%0.40%
$80,000 - $99,9990.35%0.35%
0.40%0.40%
$100,000 - $299,9990.40%0.40%
0.45%0.45%
$300,000 - $499,9990.40%0.40%
0.45%0.45%
$500,000 AND OVER0.40%0.40%
0.45%0.45%
£ $30 days 90 days180 days365 days
$1,000 - $19,9990.15% 0.15%0.30%0.35%
$20,00 - $49,9990.25% 0.25%0.35%0.40%
$50,000-$79,9990.35% 0.35%0.45%0.50%
$80,000-$99,9990.50% 0.50%0.55%0.60%
$100,000- $299,9990.50%0.50%0.55%0.60%
$300,000-$499,0000.55% 0.55%0.60%0.65%
$500,000 AND OVER0.60% 0.60%0.65%0.70%

This is a local fixed term savings account that requires a minimum of J$25,000 to open:

How it works:

  1. Funds are invested for 30, 90, 180 or 365 days.  Interest on the account  is calculated daily and credited every thirty (30), ninety (90), one hundred and eighty (180) or three hundred and sixty-five (365) days
  2. You will receive a Certificate of Deposit
  3. Investment is rolled over at current interest rate
  4. Transactions can be done at maturity date only
  5. Closure of Foreign Currency before maturity incurs a penalty i.e. 0.20% off the contracted rate on Certificate

Pensioners will continue to enjoy a 1% premium above the stated rates (or 10 basis points) on Jamaican Dollar accounts only.

Where early encashment is required for J$ Account or Foreign Currency Term Share Account, the penalty applicable is 1% and 0.20% off the contracted rate respectively.

A statement on your account will be sent to you at every interest credit / maturity date.

Click here for requirements to become a JNBS member

If your deposit exceeds J$10 million let’s have a conversation. Call us at 1- 888-Get-JNBS (1-888-438-6527) today!

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