General Notice - Account Fee Review

14th November 2024

General Notice – Interest Rate Review

Dear Valued Customer,

 

As part of being a responsible financial institution, BSP Cook Islands regularly reviews all products and services in-line with the market and changing economic conditions. A recent review of interest rates on all products has been finalised, please find below an overview of the changes.

Updated Retail Term Deposit rates will be as below

TERM DEPOSITS (available for both individual and business customers)
$5,000 – $500,000 $500,001 – $1,500,000
Term Interest Rate Term Interest Rate
30 days 2.00% 30 days 2.00%
90 days 2.20% 90 days 2.20%
6 months 3.00% 6 months 3.00%
9 months 3.20% 9 months 3.20%
12 months 3.50% 12 months 3.50%
>$1,500,000

Interest rates provided on application

INTEREST RATES TRANSACTIONAL ACCOUNTS
Personnel
Pacific Package Account* 0.25% p.a.
Pass Book Account 0.50% p.a.
*Interest payable only for balance above $4,999. Calculated daily and paid monthly. No interest will be payable to accounts with balances below above threshold.

All interest rate changes will be effective as of 01st December 2024.

All tables provide an overview of the products only. Other fees, terms and conditions may apply and all interest rates quoted are subject to change.

Further information is available in BSP Online Banking in the individual product tabs, or provided at your local BSP branch.

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