The VM Money Maker long term savings account offers attractive interest rates with Tax-Free benefits on lump sum deposits that are maintained for 5 years. As an added incentive, account holders may access up to 75% of the annual interest earned on a quarterly basis. Taxation laws are subject to revision from time to time which may result in changes in your tax liability.
Features and Benefits
- Start with a minimum of J$25,000
- Deposit up to J$1 million each year
- No withholding tax is deducted from funds that are maintained for 5 years.
- Interest calculated daily to maximize your returns
- Access up to 75% of the interest earned on a quarterly basis to meet your short term needs.
* 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
- Individuals wanting to maximize their earnings
- Individuals wishing to deposit lump sums for the medium to long term
- Savers seeking a safe tax advantage savings options
- Individuals wanting to supplement their retirement savings
- Individuals receiving lump sum payments such as bonuses, gratuity and retroactive payments etc.