Passbook Savings Account

The Passbook Savings Account is one of the Bank’s regular savings accounts, for which all transactions are recorded in a passbook.  This type of account is best suited for individuals who wish to save over a long period of time and would appreciate or benefit from restricted access to funds.

The following highlight the criteria/features of the NBVI’s Passbook Savings Account:

• Minimum initial deposit of five dollars ($5.00) to open the account
• Low minimum balance of twenty dollars ($20.00) required to maintain the account
• Free internet banking (balance viewing only)
• Quarterly interest payments – interest will only be earned if the average daily balance of a cycle (3 months) is greater than one hundred dollars ($100.00)
• NBVI Passbook
• Free over-the-counter withdrawals and deposits
• No Bank Card
• Monthly service charge of five dollars ($5.00) for falling below the minimum balance (calculated on the monthly average balance)