Demerara Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Demerara Bank suits savers in Guyana who want money reachable on demand and a home loan with an arrangement fee of GYD 0. Its savings rate of 0.35% is the weak point, though home loans open at an initial rate of 3.5% with a 90% maximum loan to value.
Key facts
- Best for
- Easy-access savings and home loans with a GYD 0 arrangement fee in Guyana.
- Headline rate
- 0.35%↗
- Rate type
- Variable↗
- Minimum deposit
- GYD 2,000↗
- Access terms
- On-demand access via Visa debit card, ATMs and e-banking; interest paid semi-annually↗
- Account kind
- Easy access↗
- Legal entity
- Demerara Bank Limited↗
- Headquarters
- Guyana↗
- Founded
- 1992↗
- Support channels
- Email, Phone, Help-centre↗
- Official website
- demerarabank.com
Mortgages
Credit cards
- Card kind
- Credit↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- On-demand access through a Visa debit card, ATMs and e-banking, with interest paid semi-annually.
- Home loans run for a fixed period of 30 at an initial rate of 3.5%.
- Support covers email, phone and help centre, so phone, email and a help centre are all there.
- Cards come as a debit card on the visa network and a credit card.
Cons
- The savings rate of 0.35% sits well below the site median of 3%.
- Opening the savings account needs a minimum deposit of GYD 2,000.
- Support runs on email, phone and help centre only, which leaves out live chat.
Who it suits
- Savers in Guyana who want on-demand access to their money and would rather bank locally than hold an account with Wise or bunq.
- Homebuyers and first-time buyers after a GYD 0 arrangement fee, including remortgagers.
- People who want phone, email and help centre support from a bank founded in 1992.
Who should look elsewhere
- Rate hunters, since Wise pays 3.29% and bunq pays 3.01% against 0.35% here.
- Anyone who needs a fixed savings rate, since the rate here is variable.
- Anyone outside Guyana who wants the top of the Finteres range, advertised as 0% to 36%, given the bank sits under the Bank of Guyana.
How Demerara Bank compares
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Where Demerara Bank is available
- Available
- Guyana
- Licence in Guyana
- Bank of Guyana, 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 0.35% and the rate is variable. The account kind is easy access, so the balance stays reachable rather than being tied to a deposit term. Interest on the account is paid semi-annually.
How do I get at my money?+
Access is on demand through a debit card on the visa network, through ATMs and through e-banking. Because the account kind is easy access, there is no deposit term to run out, and interest is paid semi-annually.
Is there a minimum deposit?+
The savings account opens at a minimum deposit of GYD 2,000, held in Guyanese dollars. Since the account kind is easy access, that opening balance is not a fixed term commitment, and you can reach it by card, ATM or e-banking.
Who regulates the bank?+
Demerara Bank Limited is supervised by the Bank of Guyana and has traded since 1992 from a base in Guyana. Support runs on email, phone and help centre, so a customer can reach the bank by email, phone or the help centre.
What do the home loans cost?+
Home loans start at an initial rate of 3.5% and run for a fixed period of 30, with a maximum loan to value of 90%. The arrangement fee is GYD 0. The loans serve purchases, remortgages and first-time buyers.
How do I get help from the bank?+
Support runs on email, phone and help centre only, which covers email, phone and a help centre, so live chat is not part of that set. Questions about the savings account, the cards and home loans all go through the same channels.
Does the bank issue cards?+
There is a debit card on the visa network and a credit card. On-demand access on the savings account runs through the Visa debit card, ATMs and e-banking, so everyday spending draws on that same balance.
Sources
- 592hub.com/blog/guyana-banking-guide.html checked September 26, 2026
Backs: Card type, Card network
“Demerara Bank - Visa Debit”
- demerarabank.com/about-us checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“On January 20, 1992, Demerara Bank Limited was officially incorporated with a share capital requirement of $250 million.”
- demerarabank.com/classic-credit-card checked September 26, 2026
Backs: Card kind
“Demerara Bank's Visa Classic Credit Card is the perfect starting point”
- demerarabank.com/faqs checked September 26, 2026
Backs: Access terms, Account kind, Support channels
“A Statement Savings Account is an ATM-ready account and offers greater advantages for persons on the go. Upon establishment of a Statement Savings Account, a VISA Debit Card is issued. ... Interest...”
- demerarabank.com/home-loans checked September 26, 2026
Backs: Initial rate, Maximum loan to value, Product fee, Purpose
“Residential Home Loans - Up to G$4,000,000 - 3.5% p.a.”
- demerarabank.com/savings-accounts checked September 26, 2026
Backs: Headline rate, Minimum deposit, Rate type
“STATEMENT SAVINGS ACCOUNT ... Interest Rate: 0.35% p.a.”
- demerarabank.com/switch checked September 26, 2026
Backs: Fixed period
“Repayment Period: Up to 30 Years”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
Demerara Bank
Easy-access savings and home loans with a GYD 0 arrangement fee in Guyana.