visit motor vehicle loansPERSONAL BANKING - Savings Account :: Tax-free Deposit Account (TDA)
Are you looking for a long-term saving option that gives you the opportunity to enjoy tax-free returns? Then the FGB Tax-free Deposit Account (FGB TDA) is the solution for you. This account operates like a certificate of deposit and allows you to deposit your money and receive returns on your deposit, tax-free, once each deposited amount remains in your account for a minimum of 5 years.
Tax-free Deposit Account (TDA) is:
- Ideal for savers with medium to long-term goals
- Deposit up to J$1M per year, per taxpayer registration number (TRN), to receive the tax-free benefit
- Account is denominated in Jamaican dollars
- Available to individuals