Bank of Saint Vincent and the Grenadines review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Bank of Saint Vincent and the Grenadines suits savers in the Eastern Caribbean who want their money reachable on demand. The 2% headline rate sits below the site median of 3%, so this bank competes on access rather than return and ranks 326 of 488 on rate.
Key facts
- Best for
- On-demand savings with a XCD 0 minimum deposit and a XCD 0 monthly fee.
- Headline rate
- 2%↗
- Rate type
- Variable↗
- Minimum deposit
- EC$0↗
- Access terms
- 24-hour access by ATM & Debit Card, funds accessible on demand↗
- Monthly fee
- EC$0↗
- Account kind
- Easy access↗
- Legal entity
- Bank of Saint Vincent & the Grenadines Ltd.↗
- Headquarters
- Saint Vincent and the Grenadines↗
- Founded
- 1977↗
- Support channels
- Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- bosvg.com
Loans
Mortgages
- Purpose
- Purchase↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- X
Pros and cons
Pros
- The savings account carries a monthly fee of XCD 0 and a minimum deposit of XCD 0.
- It is an easy access account, and the balance stays reachable through ATMs and the debit card.
- The debit card runs on the visa network and comes with travel cover.
- Because the rate is variable, any rise in rates feeds through to the balance without opening a new account.
Cons
- The 2% headline rate sits below the site median of 3%, and the bank ranks 326 of 488 on rate.
- A variable rate gives no fixed return, so the income is not locked in for a set period.
- Support covers phone, email and help centre and does not include live chat.
Who it suits
- Savers in Saint Vincent and the Grenadines who want access around the clock through ATMs and a debit card.
- People holding a modest emergency balance, since the minimum deposit is XCD 0 and the monthly fee is XCD 0.
- Readers who put on-demand access ahead of rate, a trade Wise makes at 3.29%.
Who should look elsewhere
- Savers chasing the highest interest, since Wise pays 3.29% and bunq pays 3.01% against 2% here.
- People who want their return fixed for a set period, because the rate is variable.
- Customers who want live chat, since support runs on phone, email and help centre.
Who runs it
Bank of Saint Vincent and the Grenadines trades as Bank of Saint Vincent & the Grenadines Ltd. and is based in Saint Vincent and the Grenadines. The bank has been running since 1977, so it is an established local institution rather than a new entrant. Support comes through phone, email and help centre, which gives customers a phone line, an email inbox and a help centre for account questions.
How Bank of Saint Vincent and the Grenadines compares
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Where Bank of Saint Vincent and the Grenadines is available
- Available
- Saint Vincent and the Grenadines
- Licence in Saint Vincent and the Grenadines
- St. Vincent and the Grenadines (Banking Act 2015), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the savings account pay?+
The savings account pays a headline rate of 2%, and the rate is variable, so the return can move as rates change. The median headline rate across the site is 3%, which puts this bank below the middle of the field.
Is there a fee to keep the account open?+
The monthly fee on the savings account is XCD 0, and the account runs on a no monthly fee model, so the balance can sit there at no recurring charge. Support is part of the same setup rather than a paid add on.
How much do I need to open the account?+
The minimum deposit is XCD 0, so the account opens without a floor to clear. For context, the site median for minimum deposit is €0.88, which sits above what this bank asks. The easy access structure keeps the balance withdrawable at any time.
How do I reach my money?+
Funds are accessible on demand, and ATMs plus the debit card give round the clock access to the balance. The card is a debit card running on the visa network, and it carries travel cover for trips abroad. The account is an easy access one.
Who holds the account and who regulates the bank?+
The account is held with Bank of Saint Vincent & the Grenadines Ltd., a bank based in Saint Vincent and the Grenadines and regulated there under the St. Vincent and the Grenadines Banking Act. The bank has been operating since 1977, so the entity behind the brand is a long established local one rather than a newcomer.
What support can I get?+
Support runs through phone, email and help centre, so questions can go to a person by phone, by email or through the help centre. Phone is the most common route on the site at 74.4%, and the help centre follows at 79.6%.
Does the bank lend as well as hold savings?+
Alongside savings, the bank lends directly as a direct lender covering personal, car and student loans. home improvement work is one use it lists, and mortgages for purchase sit in the same range, so the same institution can hold savings and fund a project.
Who is this savings account for?+
It suits savers who want money reachable on demand and a monthly fee of XCD 0. The easy access structure works for an emergency buffer held locally, rather than for anyone chasing the higher interest Wise pays at 3.29% or the range Finteres quotes at 0% to 36%.
Sources
- bosvg.com checked September 26, 2026
Backs: Support channels
“1 (784) 457 1844 ... info@bosvg.com ... Help & Support”
- bosvg.com/about checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“was incorporated on June 1, 1977, under the Companies Act of St. Vincent and the Grenadines”
- bosvg.com/debit-card checked September 26, 2026
Backs: Card type, Features, Card network
“The Power Of Your iBank Visa Debit Card ... connected directly to the available balance on your savings account”
- bosvg.com/mortgages checked September 26, 2026
Backs: Purpose
“Buy Build Renovate”
- bosvg.com/personal checked September 26, 2026
Backs: Use cases
“whether you are purchasing a vehicle, buying land, building or renovating an existing home, we have you covered”
- bosvg.com/savings checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“24-hour access by ATM & Debit Card ... Funds accessible on demand”
- bosvg.com/vehicle-loan checked September 26, 2026
Backs: Lender type, Loan types
“A personal consumer loan and overdraft from the Bank of St Vincent & the Grenadines Ltd, can help you meet your financial needs.”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Bank of Saint Vincent and the Grenadines
On-demand savings with a XCD 0 minimum deposit and a XCD 0 monthly fee.