Dear GSB Member,
New Certificate of Deposit Interest rates & terms
Effective February 1, 2010 all 180 days and 365 days certificates of
deposit instruments will be closed at maturity and rolled over to a
maximum 90 day Certificate of Deposit instrument.
The introduction of a maximum 90 day instrument is in keeping with
prevailing market conditions.
Given recent developments in the market place and the uncertainty of
the market overall , we at GSB believe that a 90 day roll over period is
fair and is in keeping in line with our competitors.
As you are aware current market conditions have steadily driven rates
downward across all financial institutions in Jamaica.
In light of the foregoing, however, GSB Credit Union is very pleased to
confidently state that we still retain some of the most competitive
interest rates available anywhere in Jamaica on Certificate of Deposit
instruments.
We welcome your business and look forward to offering you, our valued
partner even more excellent service in 2010. God bless you and God
bless Jamaica.
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