Subscription Shares Account

Who can invest in Savings

Individuals over the age of 16, as well as associations, clubs, certain trusts and similar bodies are eligible to open this account. It is particularly recommended as a method of saving for a specific objective through easy monthly subscriptions.

Features & Benefits

You can invest any fixed monthly sum you choose, from P100 upwards, to a maximum of paid-up value not exceeding P1 million per account, excluding dividends.

You choose the investment period - from 36 to 300 months.

Your money grows quickly because Subscription Savings earn handsome interests.

At the discretion of the BBSL, funds may be redeemed prior to maturity subject to three months’ notice. Because of the nature of the account you are not, however, permitted to make partial redemptions. In an emergency, the funds can be used as security for loans of up to 75% of their value.

The funds can also be used as collateral. The funds can be redeemed immediately in the event of death of the shareholder. 

Interest paid is 1.75% annually