Certificate of Deposit

Right for you if: 

  • You are looking for interest to be earned over a fixed term

  • You are looking for automatic renewal or upon instruction

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

    With a Scotiabank Certificate of Deposit you enjoy:

  • Peace of mind knowing that your principal is protected and your interest rate is guaranteed

  • A range of terms to choose from

  • Interest payments that are tailored to meet your needs

  • Certificate of Deposit conditions:

  • 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

  • Requirements for residents: 

  • Two (2) forms of personal ID (both with photo)

  • Three (3) personal references

  • A copy of a water, electricity, or telephone bill (to confirm your current address, even if the bill isn't in your name)

  • 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) 297-5200
    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500