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BRED Bank Solomon review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BRED Bank Solomon suits people in Solomon Islands who want a transactional account that pays interest each month. The variable rate is 0.2%, the minimum deposit is SBD 200, and you can reach the account through ATM cards, Visa cards and BRED online banking round the clock.

Key facts

Best for
A straightforward everyday account in Solomon Islands that pays monthly interest.
Headline rate
0.2%↗
Rate type
Variable↗
Minimum deposit
SBD 200↗
Access terms
Transactional account with interest paid monthly; access via ATM cards, Visa cards and BRED online banking 24/7↗
Monthly fee
SBD 5↗
Account kind
Easy access↗
Headquarters
Solomon Islands↗
Founded
2017↗
Support channels
Email, Phone, Help-centre↗
Official website
bred.sb

Loans

Lender type
Direct lender↗
Free early repayment
Yes↗
Loan types
Personal, Secured, Business↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Interest is paid monthly on a transactional account, so savings and spending sit in one place
  • Access runs through ATM cards, Visa cards and BRED online banking at any hour
  • Support runs on email, phone and help centre
  • The rate is variable, so it can move with the bank

Cons

  • A monthly fee of SBD 5 applies to the account
  • A minimum deposit of SBD 200 is needed to open it
  • Support runs on email, phone and help centre only
BRED Bank Solomon

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Scored 8.5 / 10 by SumCue.

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Who it suits

  • Anyone in Solomon Islands who wants interest alongside everyday banking in a single account
  • People paid monthly, since interest is credited each month
  • Customers happy to hold enough to meet the minimum deposit of SBD 200

Who should look elsewhere

  • Savings hunters, since the rate of 0.2% sits below the site median of 3%
  • Anyone who wants a fee free account, because the monthly fee is SBD 5
  • Readers outside Solomon Islands, where the account is not offered

Fees and FX

The account carries a monthly fee of SBD 5, so the cost is a standing charge rather than something you pay only when you spend. You also need a minimum deposit of SBD 200 to hold the balance. With one monthly charge and no listed percentage fee, keeping the account open is simple to budget, and the deposit requirement is modest next to the site minimum deposit median of €0.88.

Rates and card terms

Interest on the account is variable, currently 0.2%, and it is paid monthly rather than at maturity. Because the rate is variable, it can rise or fall as the bank changes it. For context, the site median for this account type sits at 3%, so the money earns less than a typical listing on the site.

How BRED Bank Solomon compares

Where BRED Bank Solomon is available

Available
Solomon Islands

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What interest does BRED Bank Solomon pay on its account?+

The account pays a variable rate of 0.2%, credited monthly. Because the rate is variable, it can change as the bank reviews it, so the figure you earn later may differ from today's. Interest is paid into the transactional account rather than a separate savings product.

How much does the account cost each month?+

There is a monthly fee of SBD 5 on the account. That charge applies regardless of how much you keep in the balance, which makes the account less attractive if you only want somewhere to park cash. No percentage fee is listed for holding the balance.

How much do I need to deposit to open it?+

The minimum deposit is SBD 200 to hold the account. That is a low entry point compared with the site median of €0.88, so a small balance is enough to start. You must keep the account open and funded to hold the account open.

How do I get in and out of the account?+

You access the account with ATM cards, Visa cards and BRED online banking, which stays available around the clock. It is a transactional account, so you can pay in and take money out as you need it rather than locking funds away for a term. Interest is paid monthly on top of that.

What kind of help is available if something goes wrong?+

Support runs on email, phone and help centre, so you can reach the bank by email or phone and use the help centre for self service. Phone is the quickest route for anything urgent, while the help centre handles routine questions about the account and the interest.

Does BRED Bank Solomon offer any loans alongside the account?+

Yes, BRED Bank Solomon is a direct lender and offers personal, secured and business loans, and early repayment is free. That means you can clear a loan sooner than the agreed schedule without a penalty. Rates on the loans are set separately from the 0.2% paid on the account.

Is my money protected in Solomon Islands?+

The account is held with a Solomon Islands based bank, founded in 2017. No deposit protection scheme is listed for the account, so the balance depends on the bank's own strength rather than a stated guarantee. Keep any large balance in mind against that point.

Sources

  • bred.sb checked September 26, 2026

    Backs: Support channels

    “Find us - Find an ATM - Call us on +677 27777 - Email us an enquiry”

  • bred.sb/about-us checked September 26, 2026

    Backs: Founded, Headquarters

    “Crayford joined BRED Bank Solomon team before its opening in 2017”

  • bred.sb/personal-banking/loan-solutions checked September 26, 2026

    Backs: Free early repayment, Lender type, Loan types

    “Repayments can be made weekly, fortnightly or monthly with the option to make extra repayments with no added fees”

  • bred.sb/personal-banking/personal-bank-accounts checked September 26, 2026

    Backs: Access terms, Account kind, Minimum deposit, Rate type

    “You can access your money through our ATM Cards, Visa Cards, and BRED Online banking 24/7.”

  • bred.sb/wp-content/uploads/2026/04/Fees-Charges.pdf checked September 26, 2026

    Backs: Headline rate, Monthly fee

    “SMART ACCOUNT ... Interests 0.20% per annual”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Deposit protection.

BRED Bank Solomon

BRED Bank Solomon

A straightforward everyday account in Solomon Islands that pays monthly interest.

8.5/10See alternatives