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PFIA FAQs
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.
The minimum investment is EC$500,000 or US$200,000.
Yes. You receive annual statements from Bank of Saint Lucia which show all the details of the PFIA.
A Premium Fixed Income Account is a fixed income,term deposit account available at Bank of Saint Lucia Limited.
To provide investors with returns above the ordinary savings rate through the generation of a predictable flow of income.
Your deposit in a PFIA can be for a minimum of thirty (30) days or as long as over one (1) year.
All investments carry some degree of risk. Notwithstanding,PFIA investments carry the full weight and backing of Bank of Saint Lucia Limited.
Withdrawals prior to maturity are not allowed. To facilitate drawdowns the account would have to be closed and subject to penalty.
Yes. The PFIA can be used as collateral for your loans.
Yes. Insurance companies utilizing the PFIA can pledge the account with the Registrar for their statutory requirements.
