Savings

You may be asking yourself “why do I need to save”? Saving ensures that you; have an emergency fund to cover unexpected expenses, have the deposit and closing costs for a house, have the money or deposit to purchase a car, can pay for your children’s education or your future studies, are prepared for retirement or that you have the money to just enjoy life.

VM iSave

Victoria Mutual Building SocietyAchieving your dreams is easier than you think. The right savings plan, an early start and some simple guidelines from a financial advisor can get you there in no time. The VM iSave account is the perfect savings tool to help you realize your dreams.

iSave provides an easy and rewarding way to save towards achieving your short to medium-term financial goals, through consistent savings in any one of four currencies. It facilitates a monthly commitment to saving for 12 months, with the option for renewal at the end of the period, while offering above average interest rates. The iSave account is ideal when saving towards purchasing a car, the deposit on a home, funding education, vacation or any other short - medium term goal that you want to achieve.

Features and Benefits

  • Minimum monthly deposit (J$1,000, US$50, CDN$50 and £20)
  • Ability to choose your monthly deposit
  • Above average interest rates on savings
  • Flexibility to save in the choice of J$, UK£, US$ and CDN$.
  • Consistent savings towards your short – medium term goals
  • Savings secured by Jamaica Deposit Insurance Corporation (JDIC). JDIC insurance coverage may have specific limits
  • Safe secure saving in a solid institution
* Product features & benefits may be revised from time to time at the discretion of the Society and may change without prior notice. Rates are subject to change from time to time without notice.

Best Suited for

  • Goal Oriented Savers
  • Individuals wishing to develop a consistent savings pattern
  • Persons planning for their family related goals
  • Persons with specific goals to achieve in a set timeframe
  • Persons with a set amount of money to save each month
  • Savers without the discipline to save outside of a fixed plan

Click here to complete our Online contact request form and one of our Representatives will contact you or you may visit any of our branches.

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