Fixed Deposit Account

    Relax into Competitive Benefits

    Valid: July 16 – August 31, 2018 


    • Certificate of Deposit
    • Offered in JM and US dollars
    • Opening amount J$250,000 or US$1,000
    • Invest in JMD for 365 days
    • Invest in USD for 366 days


    • Higher returns on your savings
    • Discounts from almost 200 merchants with your JN card
    • Online banking using JN LIVE
    • Free transactions at JN ATMs
    • 10% discount on membership in Jamaica Automobile Association
    • 20% discount on motor insurance with JN General Insurance Company Ltd.
    • You must be a Jamaican 18 years or older
    • Valid photo identification
    • Taxpayer Registration Number (TRN)
    • Proof of your address (utility bill, receipt or other bills).
    • Telephone number(s) – (home, work and mobile)
    • Tax payer Registration Number (TRN) OR Jamaican Driver’s licence bearing this number
    • Occupation and name of employer (if self-employed, the nature of self-employment)
    • Two (2) references
    • The minimum amount of J$250,000 or US$1,000 required for opening the account
    • Source of funds new funds only
    • FATCA certification


    Deposits are invested for a period of 365 days for JMD and 366 days for USD.


    The rate to be applied will be determined as per schedule. Interest is accrued daily and paid at maturity. In the event that the interest payment date occurs on a day other than a business day, the interest payment will be made on the first business day following the date. Interest earned can be paid on the principal account or transferred to a regular savings account.


    The account is subject to withholding tax in Jamaica except where the member provides a tax exemption certificate.


    Uncollected deposits are reinvested (auto-renewed) at maturity at a rate determined by The Bank.


    Withdrawals from the account are allowed at maturity only. Any withdrawal allowed by the Bank from the account prior to maturity will result in the closure of the account and the early closure penalty applied.


    The account may be used as collateral for Cash Secured Loans offered by JN Bank.


    JN is hereby entitled to disclose to third parties any information about the account holder and the accounts held by the account holder and shall not be liable whatsoever in relation to any information disclosed in any or all of the following circumstances: Product Information Sheet – JN Exclusive Offer 2018

    • If the Bank shall deem it necessary to make such disclosures to protect the interest of the Bank from any harm, loss or injury;
    • To comply with any requirement for disclosure imposed by law, pursuant to the directives of the court or such duly empowered government agency or department;
    • In any other circumstances in which the account holder shall give written authorization to make such disclosure.


    JN Bank shall have the right at any time without notice to apply any funds credited to the account towards full or partial satisfaction of any liability due and owing to the Bank by the account holder. The right of set-off shall operate between accounts of any kind whatsoever operated by the Bank.


    JN Bank reserves the right at its sole discretion and may from time to time vary the terms and conditions which apply to the account upon providing at least forty five (45) days prior notice in writing, such notice may be placed in our branches, published in the print or electronic media or may be sent by post.


    This agreement is governed by the Laws of Jamaica and shall be subject to the exclusive jurisdiction of the Courts of Jamaica.


    Up to a maximum of J$600,000 deposited is insured under the Deposit Insurance Act, 1998.


    Tiers   365 Days 
     $250,000 – $749,999.99 1.15%
     $750,000 – $4,999,999.99 2.95%


    Tiers  366 Days
     $1,000-$19,999.99 0.40%
     $20,000-$49,999.99 0.50%
     $50,000-$79,999.99 0.60%