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The Advantage Savings account is specially designed to help you manage your day-to-day personal banking activities.

This unique account gives you the benefit of interest earnings that are calculated daily and credited monthly, while giving you the added benefit of access to a Line of Credit.

Additional Product Details

product benefits

  • Pays interest that is calculated daily and credited monthly
  • Online Banking access
  • Line of Credit available
  • Standing instructions, sweep facilities and direct deposit are available
  • Cheque Book optional
  • First 50 cheques free (where applicable)
  • Available ABM cash limit of JMD 50,000 and a point-of-sale transaction limit of JMD 100,000

Click here to view full requirements.


There is a minimum opening balance of JMD$5,000.00 or $100.00 to open a foreign currency account.

Monthly service charge of $350.00.
Low per transaction fee of $80.
Available in the following currencies:

  • JMD
  • USD
  • CAD
  • GBP

  • Conditions apply*


    required documents

    Welcome to Sagicor Bank!
    Having all the required documents will save time. Here is a list of documents you can choose from:

    Personal/Individual Accounts:

    One valid photo identification required:

    • National ID Card with photo
    • Driver's License (photograph/signature)
    • Passport
    • Employee ID (photograph/signature)with letter from employer
    • Citizenship Card or Senior Citizen ID with Birth Certificate


    • TRN Card or Driver’s Licence (or the equivalent e.g. SSN, SIN, etc.)

    Two character references required:

    • Employer for at least the last 3 months (signed by CEO of Company, Manager or equivalent)
    • Army officer (Major or above)
    • Attorney at Law
    • Clerk of Court
    • Consular Officer (High Commissioner/Ambassador)
    • Current Sagicor Client (2 years and in good standing)
    • Financial Institution (Manager or above)
    • Judge (Resident Magistrate or above)
    • Marriage Officer/Civil Registrar
    • Justice of the Peace/Notary Public
    • Police Officer (Deputy Superintendent or above)
    • Confirmed Sagicor Staff Members
    • Member of Parliament
    • Sagicor Providers (Doctors & Owners of Pharmacies)
    • Principal of school registered with the Ministry of Education

    Any of the following:

    • Utility Bill (no more than 3 months old)
    • Current Statement from Financial Institution
    • Voter's Card
    • Letter/Declaration from Justice of the Peace Lease or Rental Agreement
    • College Admission letter when in dorms

    Proof of source of funds/income:

    • The Jamaican regulation requires proof of source of funds.

    Click here to view full requirements.