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Nest Egg Investor’s Account

FEATURES

  • Minimum opening amount – J$50,000.00
  • Maximum principal investment of J$1M is allowed per calendar year.
  • Investment cannot be transferred during the 5 years to another institution without losing the tax-free benefit
  • Investment cannot be used as collateral
  • Each new investment is the start of a new 5 year period
  • Current interest rate – Use rate sheet, rates are applicable for 3 months and then possibly changed, depending on market conditions (negotiated rate must be approved by management)
  • Interest is not compounded
  • Interest is Tax Free if principal is held for 5 years
  • After 5 years, investor has to give instructions to restart the account (maximum J$1M)
  • as a new Nest Egg account
  • Underlying securities – GOJ paper

TERMS AND CONDITIONS

  • No withdrawals allowed for the first 9 months (by order of govt.), thereafter a maximum of 75% of the interest accrued. If the withdrawal exceeds this amount, the investment is no longer tax-free and should be moved into our fixed income a/c or savings club depending on the remaining balance.
  • You can add to your account at any time through salary deduction, standing order or your own cheque.  Contibutions can also be made at any branch of Sagicor Bank or through the online banking platforms of NCB, Sagicor and CIBC FirstCaribbean Bank.
  • Statement Frequency: Quarterly

Products

Balanced Portfolio

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Balance your portfolio and let diversification work for you.

Equity Portfolio

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Designed for the long-term investor. This investment provides a good hedge against inflation.

Fixed Income Portfolio

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A bond portfolio comprising mainly of G.O.J bonds that yields steady returns.

Nest Egg Account

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Use time as your ally and the power of compounding to help your investment grow tax-free.

$US Dollar Maximizer

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Invest regular US$ amounts consistently. A little goes a long way!

Social Media

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COVID-19 Alert

To our valued clients,

As we continue to ensure your well-being and adhere to the government's request to practice social distancing, we encourage you to avoid office visits, unless absolutely necessary.

We assure you that BPM Financial's team are readily available to assist you and can be easily accessed by email and phone.

We remind you that your requests can be emailed to client This email address is being protected from spambots. You need JavaScript enabled to view it..

Effective Thursday, May 14, 2020, and until further notice, our operational hours have been reduced to Mon - Fri, 8.30 am to 2.30 pm.

Please email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us at 876-926-0849 with your requests or concerns.

We encourage you to continue to take all the necessary steps to remain safe and assure you that our team remains committed to serving you.

 

Sincerely,

BPM Financial Ltd.