Corporate Certificate of Deposit

Right for you if: 

  • You are interested in deposits for a specific time period that accrue interest

  • You want them to be renewable, either automatically or upon instruction

  • Corporate Certificates of Deposit are monetary instruments for a specific period of time that accumulate interest. Interest on the certificates will be payable as agreed with the customer.

    The Certificate of Deposit can be renewed automatically at the current rate or upon instruction received three (3) days before the expiration, according to the conditions specified at the time of its opening.

  • Earn a competitive interest rate 

  • Enjoy security and flexibility

  • Obtain a stable rate of return

  • Minimum opening balance of $10,000, as established by Republic of Panama law

  • Terms for deposits from one (1) to thirty six (36) months

  • The interest rate changes according to the amount and the term

  • Copy of the Articles of Incorporation and copy of the Single Tax

  • Two (2) forms of personal ID of the managers, signers, and shareholders (both with photo)

  • Three (3) of the corporation's and shareholders' banking references

  • Corporate Certificate of Deposit contract

  • Ready to Apply?

    In Person

    Visit your nearest Scotiabank branch. 

    Find a local branch
    By Phone from Panama City

    Speak to one of our specialists by calling

    (507) 297-5227
    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500