Bermudians to save towards long term goals.

Supersaver Plus is a term deposit product that is designed to stimulate long-term savings for such purposes as college, home purchase, retirement etc.

The minimum initial investment is $1,000 followed by a minimum of $250 each month thereafter. Depositors can choose either a three year or five year plan.

Supersavor Plus offers interest rates paid on deposits of 6.25 percent for the three year plan and seven percent for the five year plan.

Customers will have access to their funds before maturity, without penalty, in conjunction with credit facilities provided by the Bank, if funds are used towards one of the intended purposes specified in the application form.

Application forms for Supersavor Plus are available at all Bank of Butterfield branches, as well as from Butterfield Mortgage and Finance Ltd. at 299-3930.