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Grenada Co-operative Bank Limited review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Grenada Co-operative Bank Limited suits savers in Grenada who want a branch-backed, easy-access account from a bank that has traded since 1932. The regular savings account opens at a minimum deposit of XCD 50, so it is a practical home for small monthly savings.

Key facts

Best for
Grenada residents and expats wanting a long-established bank for easy-access savings.
Rate type
Variable↗
Minimum deposit
EC$50↗
Access terms
Easy access at branches, ATMs and eBanking; interest paid quarterly↗
Monthly fee
EC$3↗
Account kind
Easy access↗
Legal entity
Grenada Co-operative Bank Limited↗
Headquarters
Grenada↗
Founded
1932↗
Support channels
Phone, Email, Help-centre↗
Official website
grenadaco-opbank.com

Everyday accounts

Currencies
2↗
Transfer fee
EFT online XCD 2.00; EFT in-branch XCD 5.24; outgoing wire in-branch (USD, CAD, GBP, EUR) XCD 131.40; outgoing wire online XCD 94.50; foreign draft XCD 28.88 plus stamp duty↗
Audience
Expats
Features
Joint account

Money transfer

Payout methods
Bank↗
Fee to send 1,000
EC$51.75 to EC$131.40↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInX

Pros and cons

Pros

  • A low way in: the regular savings account takes a minimum deposit of XCD 50.
  • Access runs through branches, ATMs and eBanking, and interest is paid quarterly.
  • A monthly fee of XCD 3 applies where the site median is €0.
  • A joint account is listed as joint account on the personal chequing account.

Cons

  • A monthly fee of XCD 3 applies, above the site median of €0.
  • Currency handling is narrow at 2 currencies, against a site median of 5.
  • The rate type is variable, so the return can move rather than stay locked for a term.
Grenada Co-operative Bank Limited

Ready to try Grenada Co-operative Bank Limited?

Scored 9.6 / 10 by VaultCue.

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Who it suits

  • Savers in Grenada who bank in person and want a branch to visit
  • Expats, the listed audience, keeping a local account alongside home banking
  • Anyone who wants a joint account, listed as joint account, and easy access at branches and ATMs

Who should look elsewhere

  • Plazo ES, whose fixed rate locks the return for a term rather than leaving it open
  • AXI Card Tarjeta y Credito, for anyone whose priority is a card product rather than a savings balance
  • PayPal Colombia, whose minimum deposit of $0 suits people starting from a small balance

Fees and FX

The regular savings account asks for a minimum deposit of XCD 50. A monthly fee of XCD 3 applies on top, so the account carries a running cost even while balances stay easy to reach. Anyone keeping money in the account should weigh that charge against the interest the bank credits quarterly.

How Grenada Co-operative Bank Limited compares

Where Grenada Co-operative Bank Limited is available

Available
Grenada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What do I need to open the regular savings account?+

The stated minimum deposit is XCD 50. The account kind is easy access, so money stays reachable, and the bank lists access at branches, ATMs and eBanking. Interest on the balance is paid quarterly, and a joint account is offered as joint account on the personal chequing account.

Is there a monthly fee?+

A monthly fee of XCD 3 applies. Across the site the median monthly fee is €0, and 91.7% of the providers compared charge nothing each month. Savings balances sit against that running cost, so the fee belongs in the calculation before you open.

Can I withdraw money whenever I want?+

Access is listed at branches, ATMs and eBanking, so money can be reached without waiting out a term. The account kind is easy access and interest is credited quarterly, which keeps the balance working while it stays reachable.

Does the interest rate change?+

The rate type is variable, so the headline rate can move with the bank rather than staying locked for a term. Variable accounts sit at 79% in this comparison, against 21% for fixed alternatives.

Which currencies can I hold?+

The personal chequing account holds 2 currencies. That sits below the site median of 5 and a long way under the widest providers at 350. Anyone needing a long list of held currencies should weigh that gap.

Who is the bank built for?+

The listed audience is expats, and a joint account is offered as joint account on the personal chequing account. The bank is headquartered in Grenada and has been trading since 1932, with payouts listed to a bank account.

How much do transfers cost?+

Transfer fees are listed by channel at XCD 51.75 to XCD 131.40, with a foreign draft also carrying stamp duty. Outgoing wires are charged in several currencies, so the cost depends on how the money leaves the account, whether online or over the counter.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Term, Deposit protection.

Grenada Co-operative Bank Limited

Grenada Co-operative Bank Limited

Grenada residents and expats wanting a long-established bank for easy-access savings.

9.6/10See alternatives