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Foreign Exchange

Risk, Return, or Liquidity – What Whets Your Appetite?

As you contemplate where to put your money to work, you first need to decide on your appetite for risk.

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The Treasury team at ANSA Merchant Bank can guide you to make the best decisions for your unique circumstances.

Our Treasury Desk deals exclusively with:

Fixed Deposits

Fixed Deposits are a safer and more predictable way to grow your savings and manage your risk. That’s because you are guaranteed the interest rate offered over the whole of the agreed period.

Once a Fixed Deposit is established, you are protected from market fluctuations during the locked-in period.

You can also choose when to receive payments from the interest earned – monthly, quarterly, semi-annually or annually.

Always be careful of institutions that offer artificially high interest returns. Your hard earned money could be at risk. If the worst happens, Deposit Insurance may only guarantee payment of up to TT$125,000.

The Treasury experts at ANSA Merchant Bank Limited are here to help you make informed decisions based on your appetite for risk.

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Treasury Bills

We are an authorised broker/dealer of Treasury Bills issued by The Central Bank of Trinidad and Tobago.

Treasury Bills are short-term Government debt instruments. You can choose for your Bill to mature in 3 months, six months or one year. Treasury Bills will give you a guaranteed yield, but offer a slightly lower rate than fixed deposits. They are protected by the Government of Trinidad and Tobago.

If your appetite is for safety rather than risk, we can submit a request to the Central Bank on your behalf, and work to get you the best rates available. 

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Foreign Exchange

ANSA Merchant Bank is a licensed Foreign Exchange dealer, and we offer competitive rates on most international currencies.

Our mandate is to supply our Corporate and Investment clients with the foreign currencies they need to meet their objectives.

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We’re here to help

Whether your appetite is for risk, return, or liquidity, the Treasury Desk at ANSA Merchant Bank is here to help you make the smartest decisions and achieve the best financial returns.

Frequently Asked Questions

A Fixed Deposit is an investment instrument used to grow your savings with utmost safety. It is one of the most preferred avenues that enables you to deposit a lump sum amount with your financier, and choose a tenure/term as per your convenience. On completion of the pre-decided tenure, your deposit starts earning an interest, throughout the chosen duration, as per the interest rate at which you locked in your deposit.

If you withdraw your funds before the fixed deposit tenure ends, you could lose part or all of your interest.

No, there are no entry or exit fees. However, if you decide to break your fixed deposit, a break fee may be applied.

1. TTD$ Fixed Deposit – See terms and rates here

2. USD$ Fixed Deposit – See terms and rates here

1. Low risk – Fixed Deposit is one of the safest investment instruments, which offers the highest stability.
2. Returns on Fixed Deposit are assured and there is no risk of losing the principal
3. There is no effect of market fluctuations on your Fixed Deposit which ensures greater safety of your investment capital.
4. You can opt for periodic interest payouts to help you manage your monthly expenses.
5. Coverage/Insurance on TT$ Fixed Deposits by the DIC (Deposit Insurance Corporation of Trinidad and Tobago) for up to TT$125,000.00 .

1. May lose interest returns. Fixed deposits are not very flexible. If you withdraw your money before the tenure ends, you could forfeit your interest returns.
2. Low returns compared to investing. If you’re a younger investor who can afford to take some risk, you should not rely entirely on fixed deposits to grow your funds. That’s because other investment options (even low-risk ones) have potential to yield higher returns.

Interest Rates are reviewed on a semi-annual basis and as such may be reduced or increased in accordance with market conditions. However, we offer some of the highest rates on the market compared to the other commercial banks.

Interest payments can be made Monthly, Quarterly, Semi-Annually or at Maturity via Cheque or ACH Direct Deposit.

Based on regulations from The Central Bank of Trinidad and Tobago, if you are an individual, then a fixed deposit can only be renewed for 1 year or more. However, financial institutions or insurance firms are given more flexibility in selecting a time frame.

Complete the online application form to get started.

1. 2 Forms of I.D. – National Identification Card, Driver’s License or Passport (must be valid, verified & discernible)

2. Proof of address –
– Utility Bill not older than three (3) months or;
– Bank Statement from a financial institution not older than three (3) months
*Cellular bills not accepted*

3. Proof of Income
– Job Letter or Salary Slip
– If retired, NIS Slip, Pension Statement or Bank Statements showing the Pension funds

4. Bank Account Statement (not older than 3 months)

5. Completion of Forms: Know Your Customer (KYC), Fixed Deposit Application and Source of Funds

6. Foreign Nationals (without local National ID or Passport) employed in Trinidad and Tobago must provide valid work permit / CSME certificate / or residency certificate.

7. A banker’s reference is needed if customer has no local financial history

8. FATCA W-8BEN / W-9 Form (for depository accounts of US Persons)

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Get in touch with the Treasury and Foreign Exchange Team.

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