Investments

Investment Products

Saving Accounts

Our Savings Account allows you to deposit and withdraw funds at any time while earning interest on your savings. Invest now and watch your money grow.

Features of investment:

  • Can begin saving from as early as one year old
  • Open with a minimum of $50.00
  • Competitive interest rate - 0.5% per annum
  • Interest credited twice yearly
  • No monthly fees
  • Available to Fixed Deposit Holders, Shareholders and Mortgagers

Fixed Deposits

This investment guarantees your principal and offers an attractive rate of return over a specific period of time.

Features of investment:

  • Open with a minimum of $5,000.00
  • Competitive interest rate
  • One-year Fixed Deposits are available
  • No monthly fees
  • No service charges
  • Low breakage fees
RANGE ($) Present Break Rate
$5,001 - $100,000
0.5%
.25%
$100,001 - $250,000
1.0%
.50%
$250,00, - $500,000
1.5%
.75%
Above $500,000
Negotiable

Subscription Shares

This is the flagship account of the Association. A subscription share is an investment certificate that carries a future face value. This unique medium term investment account is designed to allow members to save for a specific future need. The matured share value can be put towards your children’s education, the down payment on a house, car or vacation expenses. Subscriptions shares can be paid for in advance either monthly, quarterly or half yearly. Subscription shares will mature when the credit to the share account reaches the aggregate face value – this is achieved from the accumulation of the member investments plus compounded dividend.

How can this investment be used?

  • Diversify Investment Portfolio
  • Children Education
  • Gift for Someone Special
  • Down payment for a house
  • Liquidate future commitments
  • Medical Savings Plan
  • Supplemental pension savings

Types of subscription shares available:

Face Value - (each) monthly investment
$2,500
$10 per share
$5,000
$100 per share

For instance:- A maximum purchase of shares to the value of $500,000; one can acquire 200 @ $10.00 – $2,000 monthly contribution or 100 @ $20 shares – $2,000 monthly contribution.

Benefits to the member include:

  • High dividend payout on shares
  • Compounded dividend which is credited twice yearly
  • No service charges

Share Loan

Collect a cheque in less than 24hrs. You can qualify for a loan using your existing shares as collateral.

Features of investment:

  • Interest 7.75 higher than current investment rates.
  • Up to 85% financing available on share rates
  • Same day approval

Why would you want to deplete your investments?

  • Have your cake and eat it too!
  • Same Day Approval
  • Retain your investment
  • Increase your asset
  • Simple application process
  • No mortgage documentation
  • Structured payments

Family Indemnity Plan

  • The member (up to age 76 years)
  • Member’s spouse or significant other (up to 76 years)
  • Significant other – a person of the opposite sex who lives with the member and is considered to be the Insured’s common-law spouse
  • Unmarried dependents between the ages (1 to 25 years - biological or non-biological)
  • Member’s parents or spouse’s parents (up to 76 years)
  • All adults (not dependants) need to join the plan before reaching age 76.

Types of plans available

plan type premium benefit
PLAN A
$52.80 monthly
$10,000
PLAN B
$79.20 monthly
$15,000
PLAN C
$105.60 monthly
$20,000
PLAN D
$158.40 monthly
$30,000
PLAN E
$211.20 monthly
$40,000
PLAN F
$343.20 monthly
$65,000
PLAN G
$528.00 monthly
$100,000

Down Payment Savings Plan

The Family Indemnity Plan or (FIP) is a Final Expenses plan associated with funeral expenses that covers you, the member, and five members of your family.

Who are the eligible family members covered?

The TBLA DSP is goal specific. It brings together professional financial counselling, goal setting
and a realistic savings plan to reach the desired accomplishment – that of owning your own
home. It is a perfect plan for someone with a specific future goal.

The cash requirement needed for a house purchase comprises between 10 – 25% of the cost
of a house – this includes down payment, fees, stamp duty and other charges.

Therefore a property house costing $1,000,000.00, may require a cash requirement between
$100,000.00 – $250,000.00

Digital Investment Forms

Coming Soon!

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TBLA Mortgage Calculator

Feel free to fill out the form below to get an idea of your Monthly Payments, Total Payments and Total Interest that will be paid.

Mortgage Payment Calculator by MortgageLoan.com