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Term Deposit Accounts

Term Deposit accounts are also known as “fixed” or “time” deposits. A term deposit account is an investment product designed for the customer who wants a higher rate of interest than is available on savings. The amount invested (Principal), and the Time (Period) are fixed. Partial withdrawals are not allowed and early redemption of the deposit is subject to a penalty.


Main Features 

  • Long term fixed savings accounts
  • Minimum Deposit of BBD$10,000.00
  • Interest payments may be made periodically
  • Early redemption penalty of 2% less than the agreed rate at the time the deposit was opened.
  • Interest rates are tiered
  • Minimum term of one(1) year
  • Automatic renewal on maturity, at prevailing rate, unless the bank is notified prior to maturity date 


  • First Citizens Fifty Plus
  • Personal Lending
  • First Citizens Smart Start
  • Visa Classic and Gold
  • Merchant services
  • Mastercard