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Updated by fidelitygroup-bahamas on Dec 31, 2019
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Fidelity Bank (Bahamas) Limited

Fidelity Bank (Bahamas) Limited is amongst the best banks in Nassau committed to meeting all your personal and corporate financial needs. Opening a bank account in the Bahamas banking system will open a gate to myriad services like loans, bank cards, e-banking, financial planning and more.

Source: https://www.fidelitygroup.com/

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Savings

Savings

There's no better time than now!

A GOAL without a plan (budget, savings) is just a wish or a passing dream!

The choices we make today will affect our tomorrow and determine if and when we can retire. They also determine the quality of life for our offspring and the quality of the inheritance we will leave behind to benefit others. ‘You reap what you sow’ is an irrevocable truth. Consider the use of our various savings plans so you can ‘sow’ with confidence.

Fidelity has the perfect savings plan for you no matter what your objectives are – whether saving for the long or short term, prefer immediate availability to your funds or want to lock in a guaranteed rate of return. Putting your money aside should be a top priority. This discipline can be hard unless you have a plan. That is where we come in. Together we can work out an effective savings plan – one that makes it easy for you to build a comfortable cash reserve and ensure that you’ll have money you need in years ahead.

ASUE Savings Accounts

Choose when you want you draw (6 months or 12 months)

  • Earn 1.75% interest
  • Depositer's insurance ensures your money is safe.

Fixed Deposits

  • You can earn up to 2.00%
  • Choose your terms, 1 year, 3 years or 5 years

Interested in opening an account? You will need to present the following items:

  • Valid Passport
  • National Insurance Card
  • A Utility Bill, 6 months old (verifying your current street and postal address)
  • Voter's Card (if you do not have a utility bill)

Source link : https://www.fidelitygroup.com/best-bank-to-open-savings-account

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Personal Financial Planning

Personal Financial Planning

At the core of the products and services offered by Fidelity Bank (Bahamas) Limited is Personal Financial Planning, with accountability to a Financial Coach. This core service entails using the following Financial Planning ‘Smart Steps’:

  1. Set your goals (in order of priority & with a time frame).

  2. Prepare your monthly budget (a spending, giving, savings/investing plan) to:

  3. Fund short, medium, long and longer term goals;
  4. Fund basic urgent needs;
  5. Fund loan, credit card & other debt payments;
  6. Fund gifts, donations, tithes, etc.;
  7. Fund savings and investments

  8. Prepare a weekly time allocation plan (a time table of activities and pursuits to assist you in working towards your goals).

  9. Develop an ACTION PLAN (a list of DOs, DEFERs and DON’Ts based on your goals and budget forms) with the help of a Financial Coach (or mentor) who will keep you accountable.

  10. Reduce and consolidate debt using a Debt$aver Loan (to provide more money for savings and to fund your goals).

  11. Establish an Asue Savings Account & Fixed Deposits to fund your goals, i.e.:

  12. Save to fund short term and medium term goals
  13. Save to fund emergencies and annual expenses
  14. Save and invest to fund long term goals (especially retirement)

  15. Only borrow to buy something which increases in value or to increase cash flow for saving (e.g. Debt Consolidation Loan or an Automobile Loan so you can go to and from your job).

  16. Contribute to a Retirement Fund (to supplement National Insurance).

  17. Prepare an Estate Plan (Term Life Insurance and a Will or Trust).

  18. Invest to fund your long term goals (e.g. a Lot Loan for Real Estate).

Source link : https://www.fidelitygroup.com/personal-financial-planning-with-fidelity-bank-bahamas

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Preferred Chequing

Preferred Chequing

Instead of carrying large sums of cash, consider a Fidelity chequing account. A chequing account is safer, lets you draw your money whenever you need it, withdraw money from ATMs and use your debit card at millions of merchants world wide. It is a convenient way to manage your money.

At Fidelity Bank we offer two different types of personal chequing accounts to satisfy your needs and to save you money. Stop in at your nearest branch and one of our Customer Service Representatives will be happy to help you decide on which type of account is best for you.

Features & Benefits:

  • Interest rates up to 0.50%
  • Free unlimited deposits
  • Free Internet Banking – pay bills and check balances at your convenience
  • Avoid the monthly service fee by maintaining the required minimum average monthly balance.
  • Minimum monthly balance must be maintained.

Source link : https://www.fidelitygroup.com/open-a-personal-chequing-account

4

Suite Of Cards

Suite Of Cards

Fidelity Visa Credit Cards With FreedomPoints

You need a credit card for the convenience and protection it provides, but you want a credit card for the additional benefits it offers. Finally, you can get it all from a locally issued card that offers rewards as individual as you are.

All Fidelity Visa cards are linked to Freedom Points. Every time you shop with your Fidelity VISA credit card you earn points. Points can be used for :

  • Travel
  • Any Airline
  • Any Time
  • Any Where
  • Card Rentals
  • Hotels
  • Gift Certificates and online vouchers to spend at hundred of stores

In addition a unique rewards programme, Fidelity Visa cards offer the convenience of the Visa network, the accessibility of Fidelity customer service, and a range of benefits designed to make your travels a more relaxing and enjoyable experience. Call us for details.Fidelity Visa Credit Cards With FreedomPoints
A great rewards programme, built-in Insurance and a purchase protection plan puts Fidelity Visa cards in a class of their own. Fidelity Visa cards offer the convenience of the Visa local and global network, the accessibility of Fidelity customer service, and account online manageability. Fidelity iSave and iSmart cards are only available in the Bahamas.

Visa Cards that offer savings and rewards! Choose the Visa Card that fits your lifestyle:
Credit Cards Customer Service:

  • Visa Gold with FreedomPoints
  • Visa Classic with FreedomPoints
  • i$ave Visa – save 10% cash back on interest paid annually
  • i$mart Visa – low 14% APR
  • Asue Visa Card – guaranteed first draw and 10% cash back on interest paid annually
  • Assistance for lost or stolen Credit Cards and customer service queries available 24-hours

Source link : https://www.fidelitygroup.com/bank-cards-in-bahamas

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Bank Loans in Bahamas

Bank Loans in Bahamas

Financial Solutions for You

A key component of a healthy financial future is smart borrowing. Fidelity can help you stay ahead of your goals with a loan that has been tailored to suit your circumstances. No matter what your need, we are willing to work with you to create a package that will allow you to accomplish your goals.

Whatever your needs are, our qualified Personal Banking Officers have the experience and expertise to assist you.

Applying for any loan can sometimes be an intimidating experience, especially if you are borrowing for the first time. At Fidelity Bank, we believe that borrowing should be a simple, pleasant and rewarding experience, one you will want to repeat.

Consumer Loans

  • Personal
  • Goods & services
  • Auto

Real Estate Loans

  • Real Estate Loans
  • Bank loans for home improvement
  • Construction
  • Commercial

Source link: https://www.fidelitygroup.com/best-bank-to-get-a-loan-with-low-interest-rate-in-bahamas