Savings Plus Account


  • Earn More: Sign up to the Republic Bank Savings Reward Plan and earn a bonus of 1% interest on automatic savings plan contributions1

  • Save Money on Fees: No monthly fee if you maintain the minimum required balance. 

  • Convenience: Make unlimited deposits and withdrawals and transfers between your account at Republic Bank ATMs. 2Unlimited access to Republic Bank OnLine and Mobile Banking.


Additional Information

  • Addditional Features

    With the Savings Plus account, you won't pay a monthly fee if your account balance remains above $500. Perform unlimited deposits and transfers at Republic Bank ATMs.2

    • A $3.50 fee will be applied if your balance falls below $500 over the course of the month

    • Interest calculated on the minimum monthly balance and paid monthly

    • Eligible for Republic Bank Savings Reward Plan enrollment1

    • Mobile Banking app available for iOS, Android and Blackberry

    • Quarterly statements available (electronic or paper statements)

  • Rates and Fees

    Personal Financial Services Agreement Rates & Fees Schedule Grenada (XCD)  

    Effective Date: April 2019

    This schedule of interest rates and fees (“schedule”) forms part of the Agreements, which include the Personal Financial Services Agreement booklet and the Deposit Account Agreement.  Terms used in this schedule have the same meaning as in the Agreements unless otherwise indicated.  We can amend, change, modify, add or remove any of the rates, fees, benefits, features and services that are set out in this schedule.  If we do, we will notify you of any changes in accordance with the Agreements.

    Monthly Fee $5.00 if minimum daily closing balance for each entire month or statement period falls below $500.
    Monthly Balance Fee Waiver* $500
    Number of Free Transactions Included in Monthly Fee 1 free branch transaction and unlimited self service transfers between your Acc
    Additional Transaction Fees Branch : $5.00
    Branch transaction with no Debit Card: $7.00
    ATM : $1.50
    POS: Free
    Interest Rate 2% flat rate
    Cheque Writing Privileges No
    Statement Frequency Quarterly
    Overdraft Protection Available No
    Ad-hoc/Temporary Overdraft Interest Rate** N/A
    Interest Calculation*** Lowest Monthly Account Balance - Paid Monthly


    * Balance must not drop below the Fee waiver amount in order for fees the be waived.

    ** Overdraft calculation is based on 365 days for all account types.

    *** Notwithstanding what is indicated on page 3 in the Interest rates and interest calculations section of the PFSA (April 2019) booklet, interest on the Savings accounts and Speciality Accounts is calculated by using the lowest Account balance during the month and is paid to the Account on the last business day of the month. The interest calculation and payment frequency set out in this Rates & Fees Schedule amends and replaces the wording on page 3 of the PFSA (April 2019) booklet.

  • How to apply

    To Apply for a Republic Bank account, you’ll need visit your local Republic Bank branch and bring the following items with you:

    1. One valid primary piece of government-issued identification, with photograph and signature, such as:
    • Passport
    • National ID or voter's card
    • Driver's License
    • Military ID card
    • Permanent resident card

    2. One secondary piece of identification. The following kinds are valid:
    • An additional primary piece of identification
    • Birth certificate, credit card, debit card, tax ID card
    • Employee ID or letter from your employer

    3. Proof of address, such as:
    • Utility bill
    • Bank account statement
    • Copy of lease or letter from landlord


    If you are a non-resident customer, a reference letter or a current account statement from a reputable bank is required.