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Republic Bank Grenada review

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

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Our verdict

Republic Bank Grenada suits Grenada residents who want a joint account and easy access to savings at no monthly cost. The e-Free account carries a monthly fee of XCD 0, and Savings Plus pays 2% at a variable rate from XCD 50.

Key facts

Best for
Grenada residents wanting a no monthly fee joint account with an easy-access savings option.
Monthly fee
EC$0↗
Currencies
4↗
Legal entity
Republic Bank Limited↗
Headquarters
Grenada↗
Founded
1979↗
Support channels
Phone↗
Pricing model
No monthly fee
Features
Joint account
Official website
republicgrenada.com

Savings

Headline rate
2%↗
Rate type
Variable↗
Minimum deposit
EC$50↗
Access terms
2 free debits/withdrawals per quarter, then XCD 5.75 per additional; free online banking transactions↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • Monthly fee of XCD 0 on the e-Free account
  • Savings Plus pays 2% at a variable rate
  • Joint accounts available
  • Support by phone

Cons

  • Only 4 currencies held, below the 5 site median
  • Savings Plus access terms charge after a set number of free debits or withdrawals per quarter
  • Support runs on phone only, and 74% reaches most rivals

Ready to try Republic Bank Grenada?

Scored 9.1 / 10 by VaultCue.

See alternatives

Who it suits

  • Grenada residents banking in Eastern Caribbean dollars
  • Households wanting a joint account
  • Savers who withdraw a limited number of times each quarter

Who should look elsewhere

  • Anyone holding many currencies, since 4 sits below the 9 typical everyday account
  • Skrill or eToro users who need support by email or chat as well as phone
  • PayPal Colombia users who want to pay straight from a wallet balance

Rates and terms

The Savings Plus account pays a headline rate of 2% and that rate is variable, so it can move with the bank rather than being locked for a fixed period. A minimum deposit of XCD 50 is needed to open it. It is an easy access account, which suits people who want to reach savings without giving up day to day access. For context, the median headline rate across savings accounts on the site is 3%.

How Republic Bank Grenada compares

Where Republic Bank Grenada is available

Available
Grenada
Licence in Grenada
Eastern Caribbean Central Bank, checked September 26, 2026

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

Frequently asked questions

What does it cost to hold an account at Republic Bank Grenada?+

The e-Free account carries a monthly fee of XCD 0, so there is nothing to pay for keeping it open. The Savings Plus account charges on access instead: a set number of debits or withdrawals each quarter are free, then a fee applies to each extra one. Online banking transactions on that account are free.

What interest does the Savings Plus account pay?+

The headline rate is 2% and the rate type is variable, which means the return is not fixed for a set period. The median headline rate for savings accounts on this site is 3%, so it is worth weighing the rate against what you can get elsewhere.

How much do I need to open a savings account?+

The minimum deposit for the Savings Plus account is XCD 50. That is low enough to start with a modest balance and add to it later, and it is well below the €21.14 upper quartile for minimum deposits across savings accounts on the site.

Which regulator supervises the bank?+

The bank is supervised in Grenada by the Eastern Caribbean Central Bank, so the deposits sit with a named, regulated institution. The legal entity is Republic Bank Limited and it is headquartered in Grenada, with a history going back to 1979.

How many currencies can I hold?+

The foreign currency accounts cover 4 currencies. That is fewer than the 5 median across multi-currency accounts on the site, so anyone who needs a wide spread of currencies is better served by a dedicated multi-currency provider.

How do I get help if something goes wrong?+

Support is by phone, so phone is the route for account questions and access problems. Across multi-currency accounts on the site, 74% is the most common channel, which is a gap for anyone who prefers writing.

Does the bank offer a joint account?+

Yes, a joint account is one of the listed features. The account runs with a monthly fee of XCD 0, and only a minority of multi-currency accounts on the site offer a joint account, so it is a point of difference for couples or shared households.

What kind of account is the Savings Plus product?+

It is an easy access savings account, which is the most common kind among easy-access accounts here. That makes it a practical home for money you may want to reach without a notice period, at the cost of the access charges once the free debits and withdrawals are used.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Republic Bank Grenada

Grenada residents wanting a no monthly fee joint account with an easy-access savings option.

9.1/10See alternatives