Personal Banking Products & Services

Deposits

Personal Savings Deposit Account

With a NBA Personal Savings Deposit Account, you can begin saving towards a brighter future.

NBA's Personal Savings Deposit accounts earn very attractive interest rates, which is added to your account quarterly. You have the choice of opening a NBA Savings Account in Eastern Caribbean Dollars (ECD), United States Dollars (USD), Great Britain Pounds (GBP), and Canadian Dollars (CAD).

No service charge fees are applied to NBA Personal Savings Deposit accounts with a minimum balance of $25.00.

Christmas Club Savings

Need extra cash for the Christmas Holiday Season?

NBA's Christmas Club Savings is an excellent way to save funds for the Christmas season. This 10-month term product provides an attractive interest return. To receive the benefits of NBA's Christmas Club Savings Accounts, enroll between February 1st and March 30th. Christmas Club Savings Account holders make fixed monthly deposits into their Christmas Club Account in denominations ranging from $10 to $500 in Eastern Caribbean or United States Dollars. In November account holders receive their deposits plus the accrued interest just in time for the Christmas Season.

Education Savings Account

Having a good education is essential in today's society, but how do you afford it? We can help you do this with an NBA Education Savings Account. This account is designed to help parents, grandparents, relatives and friends save for a child's tertiary education and it is never too early to start.

Features of an NBA Education Savings Account

• Open to persons 30 years and under
• Account can be denominated in US$ or EC$
• Minimum to open account - US$ or EC$100.00
• Minimum annual contribution - US$300.00 or EC$600.00
• Maximum annual contribution - US$30,000.00 or EC$80,000.00
• Maximum balance - US$185,998.06 or EC$500,000.00

Take this bold step towards making a tertiary education part of your child's future.

Here are some examples of the kind of returns you can expect:

Based on monthly deposits as stated with a 5% APR in Eastern Caribbean dollars

Benefits

• Interest rate that is higher than a regular savings
• Funds placed in an account that is safe, sound and secure
• Sure way of saving for your child's Education
• Ability to make automatic transfers each month

Children's Club Account

Children are our future and we need to teach them now how to save for their future.

NBA's Children's Club Account is designed to familiarize children with the world of banking and to develop a good habit of saving. With this head start, your child will be more equipped to enjoy the benefits of efficient financial planning as they mature. This account is intended for children age 12 and under. A daily maximum of EC$270 or US$100 is allowed per deposit. Upon attaining the age of 12, the account is converted into a NBA Passbook Savings account, unless stated otherwise.

There is a maximum balance of EC$5000 or US$2000, after which is attained, the customer will have the choice of converting the funds to a NBA Personal Savings Deposit account or a Term Deposit account.

Term Deposits

NBA's Term Deposits offer a fixed savings plan over a longer period of time.

Term Deposits pay you attractive interest monthly, quarterly, semi-annually or annually. You may open Term Deposits for terms of one month to two years.

Rates paid to you on large deposits for short periods are negotiable and are usually determined by the rate of interest the Bank can obtain in the international market for like size deposits and terms.

Demand Deposits

If you keep extra cash in your demand deposit account, why not get paid for it?

NBA offers demand deposit (checking) accounts in Eastern Caribbean Dollars (ECD), United States Dollars (USD), Great Britain Pounds (GBP) and Canadian Dollars (CAD). NBA is the only Bank on Anguilla that rewards you for keeping funds in your demand deposit account by paying you interest on these funds.

With a minimum balance of US$5000.00 or EC $13,500.00 in your account:

• NBA waives all service charges; and
• NBA pays interest on your account.

Enjoy efficiency, flexibility and convenience as well as additional services with your NBA Demand Deposit account. Overdraft facilities can also be requested on this type of account.

Telephone Banking

If you want the convenience of being able to bank from your home, office, or vehicle, NBA's TeleBanking Service allows you to conduct the following services via the telephone:

• Check Account Balances
• Obtain transaction information for the last five available transactions
• Transfer funds between accounts
• Obtain deposit rates and service information and
• Pay bills

To use NBA's TeleBanking service, all you need is a NBA Convenience Card and a telephone. With NBA's Convenience card, you can carry out various banking transaction 24 hours a day, 7 days a week at NBA's network of ATMs and now via NBA's TeleBanking Service. The Convenience Card is available free of charge.

Safe Deposit Boxes

National Bank of Anguilla Ltd.'s Safe Deposit Box service affords you, our valued customer, the peace of mind in knowing that your important documents and other valuables are secured and protected. Customers use safe deposit boxes to protect/secure items, such as:

• Birth/Marriage certificates
• Trust papers/wills
• Jewelry/coins
• Stocks/bonds/securities
• Insurance policies
• Mortgage documents/titles & deeds/land certificates
• Photographs/heirlooms
• Miscellaneous valuables

Renting a NBA Safe Deposit Box is easy. Just come in to NBA during our regular banking hours and speak with one of our friendly customer service representatives.

Loans and Advances

Personal

Financing with National Bank of Anguilla Ltd. affords you, our valued customers, the opportunity to achieve your planning goals. NBA offers many different types of loans to meet your varying financial requests - whether the request is to build a new home, renovate an existing home, start a business, purchase a vehicle, further your education, take a vacation, or cover medical costs - NBA will work with you to achieve your financial goal.

At NBA, our friendly and courteous loan officers evaluate your loan requests on the "five C's of credit" which are:

1. Character - By far the most important. If you are someone to be trusted, then the bank would like to do business with you.
2. Capacity - What is your financial strength and track record?
3. Capital - How much of your own money do you have invested or plan on investing?
4. Collateral - What asset do you have which is available to support the primary source of repayment in the event of default?
5. Conditions - What is the economy doing and how will it affect you or if you have a business, your business?

To assist the Bank in its decision, you are advised to bring as much information as possible to the interview with the loan officer. Below is a list of some of the information that is required to assist the loan officer in making their decision.

• Description of vehicle for a vehicle loan
• Vehicle appraisal for a vehicle loan
• Copy of Land Register / Certificate for a land purchase or a home construction loan
• Valuation of land for a land purchase or a home construction loan
• Approved building plan for a home construction loan
• Cost of construction estimate for a construction loan
• Construction or property insurance for a home construction loan
• School acceptance letter for a student loan

Some additional information that may be required includes, but is not limited to:

• An employment letter
• Personal financial statement
• Bank statements
• Reference letters

National Bank of Anguilla Ltd. grants add-on / discount type loans and declining balance loans. Add-on or discount type loans are available at NBA permitting customers to finance the purchase of vehicles, furniture, appliances and pay for vacations among many other things.

Rates on these loans start at 7.75% and have terms of up to six years. They can be easily and quickly negotiated and are usually covered by creditor life insurance. Security in the form of cash, land or a bill of sale is required in the majority of cases and minimal closing fees and service charges are assessed.

Personal loans where interest is paid on the declining balance (amortizing loans) are granted to cover medical costs, home improvement or construction costs, and for the purchase of land or house and land.

Customers may obtain personal overdraft facilities on demand (checking) accounts. These lines of credit usually have a maximum maturity of two years and may be used to cover anticipated and unanticipated expenditures.

Dream Vacation Loan

Now you can have the time of your life on that leisurely vacation you’ve been dreaming of. With NBA’s Dream Vacation Loan you can now afford to take the family to Disney; cruise the Caribbean, Mediterranean, or the Panama Canal. For the truly adventurous, Island Hopping is now within your reach.

With a down payment required months in advance in order to secure your airline tickets, hotel accommodations or cruise tickets, it’s not too soon to start planning your next holiday. So take advantage of this great offer at NBA.

NBA’s Dream Vacation Loan has an attractive interest rate and flexible repayment terms. Visit National Bank today and secure your Dream Vacation Loan and you will be guaranteed to have the time of your life.

Home Loans

Over the years, National Bank of Anguilla Ltd. has demonstrated its commitment to making home ownership a reality for its customers. We have led the market with low rates and longer terms on home mortgages. NBA also assists by ensuring proper management of your home project.

Applications for home loans must be accompanied by approved plans, estimates and other relevant information. Security in the form of cash, land or house and land are required in most cases.

Land Purchase Loans

If you are not ready to build now, you can take advantage of NBA's buy now and build later scheme. Under this scheme, you can secure the land today at 100% financing and build your home in the future. The repayment term can be set to suit your particular circumstances.

Car Loans

At National Bank of Anguilla Ltd., we understand the importance you place on owning your own vehicle and that is why we offer competitive rates on new and used vehicle loans. NBA can finance your new vehicle or allow you to get a used or reconditioned vehicle at rates as low as 7.75% add-on.

Career Enhancer Loan Combo (Student Loan)

National Bank of Anguilla Ltd has one of the most attractive Student Loan Programs on the island. NBA affords all Anguillians the opportunity to further their education by combining its student loan with its computer loan into one combo. This type of loan allow individuals to start their career on the right track, or for those already working – the opportunity to enhance their career opportunities by equipping themselves with knowledge that is necessary to succeed and advance in today’s competitive world. The loan comes with an automatic qualification for a Visa/MasterCard Credit Card with a limit of up to US$1000.00, complimentary cheque card and free Online Banking. Customers have the option of making interest only payments until the completion of course of study.

Home Insurance Loans

These loans are designed to ensure that your home has the proper insurance coverage in the event of a hurricane or any other disaster. These loans are offered at 10% declining with terms of 12 months.

Home Equity Loans

You can take advantage of the equity you have in your home through NBA's Home Equity loans. If you currently do not have borrowings secured by your home that exceeds 80% of its value (based on assessment conducted by the Bank), there is available equity against which you may request a loan.

Additionally, NBA offers personal loans for:

• Computer
• Medical Expenditure
• Vacation
• Hurricane Shutter

Personal Overdrafts

Customers may obtain overdraft facilities on personal demand (checking) accounts. These lines of credit usually have a maximum maturity of two years and may be used to cover anticipated and unanticipated expenditures.

Foreign Services

National Bank of Anguilla has positioned itself to be able to bring to its patrons the means to execute international transactions in an efficient and speedy manner. Our foreign services include the following:

• Purchase and Sale of Foreign Currencies
• Acceptance of Non-Domestic Checks, Drafts and Money Orders
• International Wire Transfers
• Sale of International Drafts
• Sale of American Express Travelers Checks
• Clean Collections
• Payment Orders
• Letters of Credit
• Documentary Collection Services

Other Services

• Night Deposit Rental
• Reference Letters
• Special Statements
• Standing Orders
• Stop Payments
• NBA's Bill Payment
• NBA's TeleBanking
• NBA's Cheque Card
• NBA's Online Banking
• NBA Cheque Deposit Drop Box

ATM Location

• Main Branch - The Valley
• The Lobby of the Main Branch - The Valley
• Romcan MiniMart - South Hill
• Syd- Ann - Sandy Ground
• Palm Plaza - West End
• Walblake Airport - Walblake
• Island Gases - Long Path
• Tomac Plaza – Water Swamp
• The Lobby of the West End Branch (2) – West End
• Drive thru of the West End Branch – West End