Rates

Annual Percentage Yield (APY) is accurate as of 11/19/2024. Rates are subject to change at any time at the discretion of BB Americas Bank.
¹Fees could reduce the earnings on the account. A penalty may be charged in the event of total or partial withdrawal of deposited funds before the maturity date of the CD. The early withdrawal penalty is taken from earnings of the CD account; in cases where the penalty is greater than the earnings in the CD account, the remainder will be taken from the initial deposit. The CD will automatically renew on the maturity date and the renewal rate applied will be the Bank’s rate in effect on the maturity date. Following the maturity of the CD, you will have a 10-calendar day grace period to withdraw your funds without penalty. If the CD is not renewed, the funds available in this account will not be subject to interest during this 10-day period. Online Banking and Mobile Banking services are only available with linked Checking or Money Market account. IRA accounts are available only for personal domestic clients with a valid social security number.
²Fees could reduce the earnings on the account. A penalty may be charged in the event of total or partial withdrawal of deposited funds before the maturity date of the CD. The early withdrawal penalty is taken from earnings of the CD account; in cases where the penalty is greater than the earnings in the CD account, the remainder will be taken from the initial deposit. The CD will automatically renew on the maturity date and the renewal rate applied will be the Bank’s rate in effect on the maturity date. Following the maturity of the CD, you will have a 10-calendar day grace period to withdraw your funds without penalty. If the CD is not renewed, the funds available in this account will not be subject to interest during this 10-day period. Online Banking and Mobile Banking services are only available with linked Checking or Money Market account.
³Fees could reduce the earnings on the account. A penalty may be charged in the event of total or partial withdrawal of deposited funds before the maturity date of the CD. The early withdrawal penalty is taken from earnings of the CD account; in cases where the penalty is greater than the earnings in the CD account, the remainder will be taken from the initial deposit. The CD will automatically renew on the maturity date and the renewal rate applied will be the Bank’s rate in effect on the maturity date. Following the maturity of the CD, you will have a 10-calendar day grace period to withdraw your funds without penalty. If the CD is not renewed, the funds available in this account will not be subject to interest during this 10-day period. Online Banking and Mobile Banking services are only available with linked Checking or Money Market account.
⁴The minimum daily balance required to obtain the advertised annual percentage yield on Personal Savings, Personal e-Savings and Business Savings Accounts is $1,000.
RATE INFORMATION. The interest rate will be based on the total amount deposited on the account.
The interest rate and annual percentage yield may change.
Determination of Rate. At our discretion, we may change the interest rate on the account.
Frequency of Rate Changes. We may change the interest rate on the account at any time.
Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account.
Additional Rate Information. The interest rate and annual percentage yield (APY) will be current as of the day the account is funded.
COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited, the accrued interest will not be received.
MINIMUM BALANCE REQUIREMENTS. A minimum deposit of $1,000.00 is required to open this account. A Maintenance Fee of $20.00 will be imposed every statement cycle if the daily balance on any day of the statement cycle falls below $1,000.00.
DORMANT/INACTIVE ACCOUNT INFORMATION. A dormant account fee of $15.00 per statement cycle will be charged after 360 days of inactivity.
BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the daily balance on which interest is paid.
ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
TRANSACTION LIMITATIONS. Due to the impact of COVID-19 Pandemic and the Regulation D changes imposed by the Federal Reserve, the bank is currently not enforcing the monthly limitations for this account; therefore, exceeding these limitations will not trigger the closure of the account.
EXCESSIVE ACTIVITY FEE. The bank is not imposing an excessive transaction fee as per changes under transaction limitations section of this disclosure.
ADDITIONAL INFORMATION REGARDING THE ACCOUNT. This account only offers e-statements. This account offers Online Banking.
Uncollected fees may be imposed for items paid or returned.
Non-Sufficient Funds fees may be imposed for items paid or returned.
Non-Sufficient Funds fees may be imposed for re-presented items paid or returned.
Overdraft Annual Percentage Interest rate of 16% will be charged daily while the account remains with a negative balance.
FEES AND CHARGES. Please refer to the Miscellaneous Schedule of Fees for information about fees and charges associated with this account. A Miscellaneous Schedule of Fees is provided at the time of account opening, periodically when fees or charges change, and upon request.
RATE INFORMATION. The interest rate will be based on the total amount deposited and the term of the account. The interest rate will be paid until maturity.
Additional Rate Information. CD will automatically renew on the maturity date, and the renewal rate applied will be the Bank’s rate in effect on the maturity date.
COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to the account every 30 days.
The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If interest is credited to another account or paid by check, this may reduce earnings and may negate the effect of interest compounding. If the account is closed before interest is credited, the accrued interest may not be received.
MINIMUM BALANCE REQUIREMENTS. A minimum deposit of $1,000.00 is required to open this account. A minimum daily balance of $1,000.00 must be maintained in the account each day to obtain the disclosed annual percentage yield. Interest is earned for each day during the period in which the account balance equals or exceeds the minimum daily balance requirement.
BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day noncash items (e.g., checks) are deposited.
TRANSACTION LIMITATIONS. Deposits into or withdrawals from the account are not permitted until the maturity date.
MATURITY DATE. The account will mature based on the account opening date and term of the account.
EARLY WITHDRAWAL PROVISIONS. A penalty will be imposed for any withdrawal of deposited funds made prior to the maturity date. The fee imposed will equal 90 days of interest.
RENEW AL POLICIES. The account will automatically renew at maturity. A grace period of 10 calendar days after the maturity date is provided during which funds may be withdrawn without incurring an early withdrawal penalty.
FEES AND CHARGES. Please refer to the Miscellaneous Schedule of Fees for information about fees and charges associated with this account. A Miscellaneous Schedule of Fees is provided at the time of account opening, periodically when fees or charges change, and upon request.