Prosperity Suite

Welcome to our Prosperity Suite of Savings – our savings and investments portfolio. As a family, we are passionate about your prosperity! Whatever your financial need, we are there for you!

On opening your account with the COB Credit Union, you will receive two default accounts – Prosperity Shares and Prosperity Deposits.

See our range of accounts below.

Prosperity Shares

A Shares account guarantees your membership with the City of Bridgetown Co-operative Credit Union. Having a Shares account allows you to vote and make decisions that influence the way the organisation progresses and develops.

Dividends are paid on your shares account as declared at the Annual General Meeting.
$50.00 is held on the Shares account to maintain membership with the Credit Union

Prosperity Deposits

A Deposit account is our basic savings account, on which interest is paid quarterly.

Attractive interest rate!
No monthly fees
Minimum balance of $10.00
Interest is paid quarterly

Please Note: Interest rates on products may change subject to market conditions.

Prosperity Enhancer

Are you looking to make serious strides toward your long-term financial goals? The Prosperity Enhancer account is for you.

If you can commit to saving between $200 and $500 a month, you can benefit from:

Attractive interest rate.
Interest is paid quarterly
A maximum of four (4) withdrawals per year.
Qualification for a Line of Credit after 12 months of consistent saving.

* Withdrawals exceeding the prescribed limit will incur a penalty.

Prosperity Enhancer Application Form

Prosperity Securer

Designed exclusively for persons who are 50 years and over, the Prosperity Securer account allows you to live your life like its golden.

Account starts with a minimum balance of $4,000
Attractive interest rate!
Interest is paid quarterly
Automatic access to our ‘Special Service’ line
No service charges

Prosperity Securer Application Form

Prosperity Retirement Savings Plan

The Prosperity Retirement Savings Plan (PRSP) is geared towards individuals between the ages of 18 and under 66 who are desirous of planning for their retirement. Prosperity when you retire starts with planning today!

Account starts with a minimum of $100 with a minimum annual contribution of $1,200*
Attractive interest rate with monthly interest payments
The plan matures between the ages of 55 and 67
PRSP account holders are entitled to two withdrawals per year for the below purposes:

Acquisition of the first residential property
Education
Health

Discounts will be granted on standard legal services provided by C.O.B
A portion of the funds accumulated in the account can be used as security towards a loan
At maturity of the Plan, three options are available to you:

Full Cash Withdrawal
Investment in another product from the C.O.B Prosperity Suite of Savings
Full Annuity

*Failure to deposit the minimum annual amount of $1,200 will result in the interest being paid at the prevailing rate on the Prosperity Deposits account.

Prosperity Earner

If you can invest a fixed sum of money for a specified period – The Prosperity Earner is a great choice! the periods are 6, 9, 12, 24 or 36 months. With this account, funds can be transferred into an investment instrument for a major project!

Account starts with a minimum of $2,000
Attractive interest rates!
Interest will be paid on the amount invested at the end of the specified period
Funds can be used as security for loans and this does not impact on the interest accumulated
Funds cannot be added to this account after the initial deposit is made.
Withdrawals before maturity will incur a penalty.

At maturity, the options available are outlined below:

Re-invest the funds in another fixed deposit
Transfer the funds to another savings product from COB
Renew the term deposit and credit the interest to another product under the Prosperity Suite of savings

Prosperity Earner (Term Deposit) Agreement Form

Prosperity Pinnacle

Are you looking for a flexible way to get the most out of your savings? The Prosperity Pinnacle account is for you.

Account starts with a minimum deposit of $3,000
Attractive interest rate!.
Unlimited deposits at any time.
The option of using funds as security for a loan without compromising the interest earned.
Up to three (3) withdrawals per quarter.
A maximum investment term of just 365 days.
Interest is paid quarterly.

Prosperity Pinnacle Application Form

The Prosperity Premiere Pinnacle

Are you looking for a flexible, high-yield interest product and want to invest? The Prosperity Premiere Pinnacle is for you.

Account starts with a minimum of $250,000
Additional deposits can be made to this account at any time
Funds on this type of account can be used as security for a loan without compromising the interest earned.
Guaranteed personalized service by an executive representative.

Prosperity Premiere Pinnacle Application Form