Investment Products
Saving Accounts
Our Savings Account allows you to deposit and withdraw funds at any time while earning interest on your savings. Invest now and watch your money grow.
Features of investment:
- Can begin saving from as early as one year old
- Open with a minimum of $50.00
- Competitive interest rate – 0.5% per annum
- Interest credited twice yearly
- No monthly fees
- Available to Fixed Deposit Holders, Shareholders and Mortgagors
- Must be a member of TBLA to hold a savings account
Fixed Deposits
Fixed Deposits
This investment guarantees your principal and offers an attractive rate of return over a specific period of time.
Features of investment:
- Open with a minimum of $1,000.00
- Competitive interest rate
- One-year Fixed Deposits are available
- No monthly fees
- No service charges
- Low breakage fees
RANGE ($) | PRESENT | BREAK RATE |
$1,000 – $100,000 | 0.50% | 0.25% |
$100,001 – $500,000 | 1.50% | 0.75% |
$500,000 – $1M | 2.25% | 1.12% |
Above $1M | Negotiable | – |
Subscription Shares
This is the flagship account of the Association. A subscription share is an investment certificate that carries a future face value. This unique medium term investment account is designed to allow members to save for a specific future need. The matured share value can be put towards your children’s education, the down payment on a house, car or vacation expenses. Subscriptions shares can be paid for in advance either monthly, quarterly or half yearly. Subscription shares will mature when the credit to the share account reaches the aggregate face value – this is achieved from the accumulation of the member investments plus compounded dividend.
How can this investment be used?
- Diversify Investment Portfolio
- Children Education
- Gift for Someone Special
- Down payment for a house
- Liquidate future commitments
- Medical Savings Plan
- Supplemental pension savings
Types of subscription shares available:
| FACE VALUE – (EACH) | MONTHLY INVESTMENT |
| $5,000 | $20 per share |
| New option | coming soon |
For instance:- A maximum purchase of shares to the value of $500,000; one can acquire 200 @ $10.00 – $2,000 monthly contribution or 100 @ $20 shares – $2,000 monthly contribution.
Benefits to the member include:
- High dividend payout on shares
- Compounded dividend which is credited twice yearly
- No service charges
Share Loan
Collect a cheque in less than 24hrs. You can qualify for a loan using your existing shares as collateral.
Features of investment:
- Up to 85% financing available on share rates
- Same day approval
Why would you want to deplete your investments?
- Have your cake and eat it too!
- Same Day Approval
- Retain your investment
- Increase your asset
- Simple application process
- No mortgage documentation
- Structured payments
Down Payment Savings Plan
The TBLA Down Payment Savings Plan (DSP) is a customized saving plan that brings together Mortgage Finance Counseling and Goal Setting.
What is the TBLA DSP Used for?
The TBLA DSP is an account to save for the down payment of land, house and mortgage related fees.
How can I sign up for the TBLA DSP?
Make an appointment to meet with a Mortgage Officer. A Mortgage Pre-Assessment is conducted by the Mortgage Officer to determine the savings goal. Deposits can be can be made monthly, quarterly or half yearly in accordance with the original application. LINX, Salary standing order, and deposits over the counter are all accepted.
Can DSP Joint Accounts be opened?
Relatives, Engaged and married couples can come together and save towards the down payment of their future home through opening a DSP Joint Account.
How are dividends paid on shares?
Dividends are credited twice yearly on accounts for the period January 1 – June 30 and July 1 – December 31
Will I receive a statement on the account?
Statements are issued twice yearly on accounts for the period January 1 – June 30 and July 1 – December 31st. So that shareholders can keep track of the performance and fund balance.
What is the duration I can have a DSP account?
The shortest term for a DSP is approximately two (2) years; The longest term is approximately 7 years.
CUNA Caribbean Insurance Family Indemnity Plan
- The member (up to age 76 years)
- Member’s spouse or significant other (up to 76 years)
- Significant other – a person of the opposite sex who lives with the member and is considered to be the Insured’s common-law spouse
- Unmarried dependents between the ages (1 to 25 years – biological or non-biological)
- Member’s parents or spouse’s parents (up to 76 years)
- All adults (not dependants) need to join the plan before reaching age 76.
Types of plans available
PLAN TYPE | PREMIUM | BENEFIT |
PLAN A | $52.80 monthly | $10,000 |
PLAN B | $79.20 monthly | $15,000 |
PLAN C | $105.60 monthly | $20,000 |
PLAN D | $158.40 monthly | $30,000 |
PLAN E | $211.20 monthly | $40,000 |
PLAN F | $343.20 monthly | $65,000 |
PLAN G | $528.00 monthly | $100,000 |
Apply Here
Online Investment Forms
Downpayment Savings Plan application form Online
Family Indemnity Plan application form Online
Download Investment Forms
Downpayment Savings Plan application form download
The Family Indemnity Plan application form download