Caribbean Union Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Caribbean Union Bank is an easy-access savings account for savers in AG who want on-demand withdrawals and no monthly charge. The variable rate of 2% sits below the site median of 3%, so the account earns less than most of the savings products compared here.
Key facts
- Best for
- On-demand access with no monthly charge, for savers based in Antigua and Barbuda.
- Headline rate
- 2%↗
- Rate type
- Variable↗
- Term
- 12 to 360 months↗
- Minimum deposit
- EC$100↗
- Access terms
- On-demand access with free online and internet banking and all ATM transactions; $5 charge if below minimum balance; $15.00 third party withdrawal fee↗
- Monthly fee
- EC$0↗
- Account kind
- Easy access↗
- Legal entity
- Caribbean Union Bank Ltd.↗
- Headquarters
- Antigua and Barbuda↗
- Founded
- 2005↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- caribbeanunionbank.com
Loans
Mortgages
- Purpose
- Purchase↗
Facts checked September 26, 2026, 8 sources
Pros and cons
Pros
- The monthly fee is XCD 0, and online and internet banking and all ATM transactions are free.
- A variable rate of 2% on an easy-access account, with a minimum deposit of XCD 100.
- A debit card on the mastercard network comes with the account, so spending runs from the same balance.
Cons
- The rate is variable and pays 2%, under the site median of 3%.
- A charge applies if the balance drops below the minimum, and third party withdrawals are charged.
- Support runs on email, phone and help centre only.
Who it suits
- Savers in AG who want money on demand and no monthly charge.
- Customers keeping a modest balance, since the minimum deposit is XCD 100.
- Borrowers for personal, debt consolidation and car loans from a direct lender, including home improvement.
Who should look elsewhere
- Rate chasers: bunq lists 3.01% and Wise lists 3.29%, both above the 2% here.
- Savers after a term product: Finteres lists 0% to 36%, while this account is easy access for on-demand withdrawals.
Rates and terms
The savings account pays a variable rate of 2%, so the figure can move rather than being locked for a set period. Access is on demand, which suits money that may be needed without warning. Borrowing through the same bank runs over terms of 12 to 360, covering personal and business lending.
Who runs it
The account is provided by Caribbean Union Bank Ltd., a bank based in Antigua and Barbuda and trading since 2005. Support runs on email, phone and help centre, so questions can be sent by email, asked by phone or raised through the online help centre. The same institution handles savings and lending, so account and loan queries go to the same team.
How Caribbean Union Bank compares
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Where Caribbean Union Bank is available
- Available
- Antigua and Barbuda
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the account pay?+
The account pays a variable rate of 2%, so the number can change rather than being fixed for a set period. Easy-access products make up 75.2% of the savings accounts compared here, and this rate sits below the site median of 3%.
Is there a monthly charge?+
The monthly fee is XCD 0, and the account is listed on a no-monthly-fee basis. Watch the balance rules instead: a charge applies if the balance falls below the minimum, and third party withdrawals are charged separately. Online and internet banking and ATM transactions are free.
How much do I need to open it?+
You need a minimum deposit of XCD 100, and a balance that falls under that level can attract a charge. The account kind is easy access and the rate type is variable, so it suits a pot you may need to top up or draw on at short notice.
How do I get at my money?+
Access is on demand, with free online and internet banking and free ATM transactions. Third party withdrawals carry a charge, so it pays to use your own card and online banking. The account kind is easy access, so there is no notice period to serve.
What card comes with the account?+
The account issues a debit card on the mastercard network, so everyday spending runs from the same balance as the savings, with no separate credit arrangement needed. The card is a standard debit card, so it works wherever mastercard is accepted.
How do I contact the bank?+
Support runs on email, phone and help centre only, which covers written questions, urgent account issues and browsing the help centre yourself. The bank is based in Antigua and Barbuda and has traded since 2005 under the legal name Caribbean Union Bank Ltd..
Does the bank also lend?+
It does. It is a direct lender and offers personal, debt consolidation and car loans, with home improvement among the stated uses and terms running 12 to 360. That means the savings account and any borrowing can sit with the same provider rather than across separate lenders.
How does the rate compare with the alternatives?+
The variable rate of 2% is below the site median of 3%, and below bunq at 3.01% and Wise at 3.29%. Finteres lists 0% to 36%. On rate alone, Caribbean Union Bank trails every alternative here, so the account has to win on no monthly charge.
Sources
- caribbeanunionbank.com/contact-us checked September 26, 2026
Backs: Headquarters, Support channels
“Caribbean Union Bank Headquarters Friars Hill Road P.O. Box W2010 St. John's Antigua”
- caribbeanunionbank.com/cub-profile checked September 26, 2026
Backs: Founded, Legal entity
“Caribbean Union Bank, founded on December 9, 2005, is an indigenous commercial bank”
- caribbeanunionbank.com/faqs checked September 26, 2026
Backs: Loan types, Purpose, Term
“We offer loans for small businesses and general business purposes, medical emergencies, education, new or used vehicle purchase, vacation/travel, debt consolidation, home repairs, mortgages and land...”
- caribbeanunionbank.com/personal/personal-accounts/loans checked September 26, 2026
Backs: Lender type
“we tailor our loan products to suit your personal needs ... our motto is NEGOTIABLE”
- caribbeanunionbank.com/personal/personal-accounts/loans/c... checked September 26, 2026
Backs: Use cases
“Whether you are interested in pursuing higher education, renovating your home, taking that much needed vacation or have those unexpected medical bills, our consumer loans are tailored to meet your...”
- caribbeanunionbank.com/personal/personal-accounts/savings... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type
“With the Caribbean Union Bank Priority or Prestige savings accounts, you enjoy free online and internet banking and All ATM transactions”
- caribbeanunionbank.com/wp-content/uploads/2024/05/Editabl... checked September 26, 2026
Backs: Card type
“I the undersigned hereby apply for a Caribbean Union Bank (CUB) MasterCard Debit Card”
- findbinnumbers.com/bincode/536120 checked September 26, 2026
Backs: Card network
“The BIN/IIN Code 536120 is issued by CARIBBEAN UNION BANK LTD. and it is of type DEBIT and brand MASTERCARD”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
Caribbean Union Bank
On-demand access with no monthly charge, for savers based in Antigua and Barbuda.