South America Rates

Continent Deposit Rates

South America Deposits by Country

Country Inflation GDP Population Interest Rate Change Currency Last Updated
Argentina 27.6% 15,854 42,669,500 20.72% - ARS Dec 2017
Costa Rica 12,157 4,713,168 7.85% - CRC Dec 2017
Colombia 3.4% 9,046 47,865,600 6.67% - COP Jun 2017
Chile 3.3% 15,002 17,819,054 3.24% - CLP Dec 2017
Panama 5.9% 14,097 3,713,312 2.40% - USD Dec 2017
Peru 3% 9,281 30,814,175 2.25% - PEN Dec 2017
Trinidad And Tobago 5.2% 19,759 1,328,019 1.20% - TTD Dec 2017

South America Bank Photos

Discussion

  • Q: What are the best interest rates for Ecuador regarding a certificate of deposit

    Reply Vicki from Dayton, United States
  • 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?

    Reply Adugna 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. :-)

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

    Reply Alfredo from Curitiba, Brazil

South America Discussion Activity

  • Venezuela - Savings - Banesco
    Q: Can I live in the USA and still have an account in your county’s banking system? Also is this per day money earns interest or monthly? How long do you have to have money in account to earn and not loose money when withdrawn

    Abby from United States
  • Costa Rica - Deposits - Banco De Costa Rica - BCR 2 Year CD
    Q: Are there fees for opening up a CD? Gracias

    Mark J from Reno, United States
  • Argentina - Investing - Afluenta - Afluenta Argentina P2P Investment
    Q: I have heard that these rates seem ultra-attractive. But the devil is in the details! Inflation at 22% and above each year; and restrictive clauses in the fine print of the Account Contracts (for example, regarding withdrawals/repatriation of funds) and, and 'unusual' (but secretly planned) government legislation restricting repatriation of these Accounts' funds outside the country or into US dollars (for example) will mean that you will average a LOSS on such 'investments.' IS THIS TRUE?

    Paul from Tacoma, United States
  • Venezuela - Banesco
    Q: i have family in venezuela . and i am a canadian citizen .i will like to know if i could open an online account ..and deposit from a canadian bank ..

    jorge from Longueuil, Canada
  • Panama - Deposits
    Q: Hello I read that if you deposit a certain amount of money in Panamaian bank and you get 750 dollar per month you can get a temporary residency in panama. Now I am wondering if it is right and how much is the deposit for that.. Thank you in advance

    Hussein from Iran