Currency Indexed Investment Product
Take advantage of attractive interest rates and hedge against devaluation with a Sagicor Currency Index Investment (SCII)! Available to retail and institutional customers, a SCII is a dual currency investment designed to offer greater returns. Investors will receive a rate of return based on the valuation at the point of entry and exit.
- Affordable investment amounts: From as little as JMD$100,000
- Tenors: 30 days, 90 days, 180 days, 365 days
- Choice of foreign currencies: USD, EUR and GBP.
How it works?
|STEP 1||Base currency – Jamaican Dollars|
|STEP 2||Choose your alternate currency|
|STEP 3||Agree on exchange rate- the Weighted Average Selling Rate (WASR) applicable as at the close of business the previous business day as published by Bank of Jamaica.|
|STEP 4||Choose a tenor: 30 days, 90 days, 180 days, 365 days|
Once you have agreed on your currency pair, exchange rate and tenor, you will also earn interest on your investment amount.
Please speak with a Personal Financial Advisor at your nearest branch or call 1-888-SAGICOR.