DEPOSITORY SERVICES
GBC provides various account options to meet short and long term cash management needs. We give you a single source for all your banking needs, from straightforward savings and CDs to complex investments. Our personalized co-ordination of all details, forms and other legal documents saves you time.

Here is a list of the various accounts we offer:

OPERATING ACCOUNT
Minimum opening balance: $5,000. Non-interest bearing. Statements available via internet banking service. If requested for mailing, a monthly charge will be applied.
MONEY MARKET ACCOUNT
Minimum opening balance: $20,000. Competitive interest accrued daily and paid quarterly. If balance falls below $20,000 during any time in the quarter, interest is forfeited for that quarter.
CLASSIC SAVINGS ACCOUNT
Minimum opening balance - $5,000. Competitive interest payable quarterly on the minimum quarterly balance. If balance falls below $1,500.00 during any month, interest is forfeited for the quarter and a monthly service charge will be applied.
GOLD SAVINGS ACCOUNT
Minimum opening and average monthly balance - $10,000. If monthly balance falls below $10,000 interest will be paid at a rate of 2% per annum and a service charge of $50 will be applied. If monthly balance falls below $1,500.00 interest is forfeited for that month.
GOLD BOND - FIXED DEPOSIT
A Certificate of Deposit (CD) with a minimum value of $25,000. Rates are fixed for a minimum of 3 months to 5 years. Interest is payable quarterly, semi-annually or annually. Please contact customer service for current fixed deposit rates. Interest earned is not subject to the deduction of withholding tax. Withdrawal of funds before the expiration of the deposit terms will result in a reduction of the rate of interest paid.

On maturity, unless written instructions have been received from the customer to the contrary, interest will be capitalized and the deposit will be renewed automatically for a similar period at the prevailing interest rate.

GLOBAL - FLEX ACCOUNT
A Certificate of Deposit (CD) with a minimum value of $100,000. Rates are fixed for a minimum of three (3) months to five (5) years. DEPOSITORY SERVICESRates are flexible, and will reflect current market rates. Additional deposits may be made to the account at any time during its term and attract the prevailing rate of interest.

Four withdrawals per year are allowed on the deposit account up to a maximum of 25% of the principal balance, without penalty, under the following conditions:

▪ You maintain a minimum balance of $100,000 on the deposit account
▪ No more than four withdrawals within a calendar year

Withdrawal of funds before the expiration of the deposit terms will result in a reduction of the rate of interest paid. Prior notification of an intended withdrawal must be provided to the Bank within five (5) working day of withdrawal; interest penalties will apply.

On maturity, unless written instructions have been received from the customer to the contrary, interest will be capitalized and the deposit will be renewed automatically for a similar period at the prevailing interest rate.