South America Rates

Continent Deposit Rates

South America Deposits by Country

CountryInflationGDPPopulationInterest RateChangeCurrencyLast Updated
Argentina27.6%15,85442,669,50023.10% - ARSJul 2016
Colombia3.4%9,04647,865,6008.53% - COPJul 2016
Costa Rica12,1574,713,1686.15% - CRCJul 2016
Chile3.3%15,00217,819,0544.32% - CLPJul 2016
Panama5.9%14,0973,713,3122.40% - USDJul 2016
Peru3%9,28130,814,1752.25% - PENJul 2016
Trinidad And Tobago5.2%19,7591,328,0191.00% - TTDJul 2016

South America Bank Photos

Discussion

  • Q: I live in Toronto Canada. Want to open a savings account in Argentina for 1 yr. how do you do it? The procedure? Should I go through the Argentina Embassy in Toronto?

    ReplyAdugna from Scarborough, Canada
    • R: The interest rate may be high, but that inflation is crazy and it could easily go much higher within one year and potentially leave you with a loss at the end of one year. You still have to get your money out of the country at the end of the day. :-)

      Replyden
  • Q: Why don't you publish interests rates for Brasil.

    ReplyAlfredo from Curitiba, Brazil

South America Discussion Activity

  • Argentina - Deposits
    Q: I am from bahrain if i invest 770 us dollar for three years hiw much the intrest will be each munth how much i can get and what the rules to open an account with you

    Ali from Bahrain
  • Argentina - Deposits
    Q: I'm sorry. This can't be real. There's no way a bank can be profitable while giving people returns as high as 23.25% a MONTH. What would prevent someone from depositing $100,000 in September, withdrawing $23,250 in October, then withdrawing $23,250 in November, etc., etc? It's ludicrous. So I presume I'm misunderstanding what it means when it says there's a monthly rate of 23.25%. I'd appreciate it if someone could enlighten me. Also, I am in a state of equally potent disbelief regarding the yearly rate of 28.5%. What I'm thinking is you deposit your $100,000 then a year later you would essentially have to go through a band of Argentinian gangsters wearing red HSBC shirts, ski masks, and holding AK47's, and they won't give you your $28,500 until you give them your little sister. Either that, or the bank collapses. Are you telling me there are people in Argentina who are willing to borrow money at a rate high enough to offset the 28.5% I would get every YEAR? If I'm not seeing things correctly because I'm blinded by the .000000025% interest rates they give us in the U.S., I would very much appreciate someone pointing out my ignorance.

    Adam from Wallingford, United States
  • Panama - Banco Nacional De Panama
    Q: What documents are required to open a personal account at Banco Nacional for an American citizen, with residency?What fees are involved?

    Douglas from Panama
  • Argentina - Banco De La Nacion Argentina
    Q: Could I take out a home mortgage loan through your bank as an american?

    Brian from La Center, United States
  • Argentina - ICBC Argentina
    Q: How can I invest into Argentina fixed depositas a foreigner? But I live in Asia. I can open $200000. Thanks

    Alicia from Singapore, Singapore