Supersa ver Plus
Plan for your
tomorrow today.
Whatever your objective—purchasing a home,
retiring early or sending a child to college—you
need a plan to achieve it.
Supersaver Plus
Supersaver Plus from Butterfield is a convenient saving vehicle
that can help you quickly grow your money and realise
your goals. It combines the discipline of regular, affordable
contributions with the benefits of compounded interest to
provide you with guaranteed, predictable returns.
How it works
To open a Supersaver Plus account, you need a minimum
initial deposit of $1,000. There is no maximum initial deposit.
Every month, over a term of one, three or five years, you
simply contribute the pre-arranged amount of between $250
and $25,000 to your account via automatic debit from your
Butterfield chequing or savings account. It’s a straightforward,
structured approach to saving.
Need your funds early?
Use funds from your Supersaver Plus account to pay down a
Butterfield loan or as a downpayment on a Butterfield mortgage
and receive no penalties for early withdrawal.
Become a Supersaver today!
Opening a Supersaver Plus account is easy. Simply visit your
nearest Butterfield Banking Centre to complete and submit a
Supersaver Plus application form.
Terms and Conditions
1. Interest will be compounded, at the agreed rate per annum, by the Bank on a monthly basis. Only Maturity Notices will be sent.
2. Subject to paragraph 6 below, the Supersaver Plus plan must be maintained to the agreed maturity date at which time the account will be closed and funds transferred into account monthly commitment was drawn from. Instructions for renewal must be received before maturity or up to 1 month after date of maturity.
3. During the term of the plan, your committed regular savings amount that is being debited must be in the funding account two days prior to the Due Date. The Due Date each month is the same day as the day the account was opened.
4. If during the term of the plan the account being debited for the pre-
agreed monthly payment amount has insufficient funds on the monthly due date, the Supersaver account will continue to look for those funds from your Funding account. The Funding account will be automatically debited for each monthly payment missed until all missing payments have been collected.
5. If during the term of the plan you continue to miss your monthly commitment, the Bank reserves the right to close the Supersaver Account with no Notice. In such cases any funds will be deposited into your Funding account.
6. At any time during the term of the plan the Bank will provide access to the accrued funds with no penalty, provided such access to the funds is for the intended purpose as specified in the application form and which is being financed in part by credit from the Butterfield Bank Group, or in the event of death of any one of the two or more joint account holders. Documentation confirming purpose is required. No partial withdrawals will be allowed. All funds must be withdrawn and the account closed.
7. In any case other than as described in paragraph 6 above, the Bank reserves the right to refuse an application to repay the deposit prior to the agreed maturity date. If the Bank, in its absolute discretion and without prejudice to its right to refuse, agrees to repay a deposit prior to the maturity date, it will be subject to breakage fees and/or interest penalties.
8. The Bank reserves the right to refuse to accept additions of capital or higher monthly payments to the plan but may offer alternative plans or deposit accounts.
9. The Bank reserves the right to refuse initial applications to invest in the plan for any reason whatsoever and need not specify its reason for doing so.
10.Notwithstanding the foregoing or any other agreement or course of dealing between the Bank and any account holder, the Bank may rely upon and act in accordance with any notice, instruction or other communication which may from time to time be given by any verbal, telephone, telegraphic or electronic message if believed by the Bank to be genuine and to be presented or delivered by or on behalf of any one or more such account holders, without incurring liability should it be false or there be any error or ambiguity therein.
For more information,
please contact us on
(441) 295 1111
BNTBRETBR008 Rev.04/12
www.butterfieldgroup.com
The Bank of N.T. Butterfield & Son Limited
65 Front Street
Hamilton HM 12
BERMUDA