This section gives you quick and easy access to the answers to the questions we're asked most frequently. If you don't find your question here, please use the ‘Have a Question’ or the email form on the Contact Us page and we will be happy to answer your question.
Yes, after your initial investment you will receive a receipt from Bank of Saint Lucia. Subsequent to this, annual statements will be sent to you.
A minimum of $100 has to be deposited on a monthly basis. However, customers can choose to increase their monthly contributions or make lump sum deposits.
Contributor: Two forms of picture ID and a utility bill as proof of address. Beneficiary: One form of picture ID or a birth certificate in the case of a minor.
Each account is allowed only one beneficiary.
No. Withdrawals are not allowed.
Yes, but there must be a monthly commitment via standing order or salary deduction, and any additional deposits can be made over the counter directly to the Edu Start Account.
The Edu Start savings plan earns interest at 1% higher than the regular savings rate. In addition, 50% of the net additional returns earned (profit) on the Edu Start investment portfolio is distributed to customers.
Interest is paid annually.
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