Personal Banking

Deposits
Savings
Our Pass Book Savings offers customers the opportunity to save for the future at rates of interest
from 4% to 5%, which are added on the account quarterly.

Our Christmas Club Savings is an attractive ten-month term product, which allows depositors to save
in preparation for Christmas expenditure, has caught on tremendously.
Many customers have also used this product to save for transfer to Term Deposit on maturity.
The rate of interest on this account is 5.0%

Term Deposits
Term Deposits at the National Bank of Anguilla Ltd pay competitive rates of interest ranging from 4.5% to 6.75% with the rate determined by the size and term.

Rates paid on very large deposits for short periods are negotiable and are usually determined by the rate of interest the Bank can obtain in the international market for like size deposits and terms.

Demand Deposits
The Bank provides demand deposits (checking) accounts to eligible customers and pays interest on balances, which exceed EC $3,000 or US$1,100.
Overdrawing facilities can be requested on these type accounts.
Overdrawing, if permitted without a signed agreement, carries special interest and service charges penalties.

Loans and Advances
Personal
Add-on or discount type loans are granted, permitting customers to finance the purchase of vehicles, furniture, appliances and pay for vacation among many other things.

Rates on theses loans range from 7.75% to 10% add-on and have terms of up to six years.
They can be easily and quickly negotiated and are usually covered by creditor life insurance.
Security in the form of cash, land or a bill of sale is required in the majority of cases and minimal closing fees and service charges are assessed.

Personal loans where interest is paid on the declining balance (amortizing loans) are granted to cover medical costs, home improvement or construction cost, and for the purchase of land or house and land.

Applications for home loans must be accompanied by approved plans, estimates and other relevant information.
Terms on personal loans with amortizing balances can be obtained for as long as thirty years, security in the form of cash, land or house and land are required in most cases.
Rates of interest range from 10.5% to 13%, with the lowest rate being charged on large loans. Personal Overdrafts
Customers may obtain overdraft facilities on personal demand (checking) accounts.
These lines of credit usually have a maximum maturity of two years and may be used to cover anticipated and unanticipated expenditures.
Rates of interest range from 11.5 to 13%.
Foreign Services
National Bank of Anguilla has positioned itself to be able to bring to its patrons the means to execute international transactions in an efficient and speedy manner.
Our foreign services include the following:

• purchase and sale of foreign currencies;
• acceptance of non-domestic checks, drafts and money orders;
• international transfers in and out of Anguilla;
• sale of international drafts;
• sale of American Express travelers checks;
• granting of Visa and Master Cards;
• recommendation of American Express Cards;
• documentary and clean collection; and
• letters of credit.