Tax-Free Investment Accounts

Minimize your tax obligations with a Tax-Free Investment Account from CCSL. If you are a Jamaican investor with surplus funds or with a specific major goal such as acquiring a home or purchasing a car, this account is the ideal investment option for you. With a Tax-Free Investment Account you can invest your funds for five (5) years and pay no withholding tax on the interest earned.

Who Can Benefit

• Individuals or corporations with a minimum investment of J$25,000.00.

What You Get

• Tax Free investment - No withholding tax on interest*
• High Returns - Competitive interest rates; higher than ordinary savings accounts
• Safety – Funds are invested in Government of Jamaica Securities

Features

• You must be a Jamaican to benefit from the tax free feature of this investment
• Funds must be placed in the account for a minimum of five (5) years
• 75% of the interest earned may be withdrawn quarterly
• Withholding tax will be applied to interest if funds are withdrawn within five (5) years
• Maximum tax free investment for the year is $1,000,000

*conditions apply

* Rates Updated: January 13, 2010