Rate Booster Certificate of Deposit

Right for you if: 

  • You are looking for an increasing interest rate

  • You are looking to collect interest at sub-terms

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

  • Terms for deposits from eighteen (18) months to three (3) years

  • The interest will only be payable at the sub-terms as follows:

  • 18-Month Rate Booster Certificate of Deposit
    Sub-terms and interest rates according to each sub-term
    6 months 12 months 18 months
    3-year Rate Booster Certificate of Deposit
    Sub-terms and interest rates according to each sub-term
    1 year 2 years 3 years

    At the end of the sub-terms, you can request that the interest be paid into a Scotiabank account, or it will be reinvested.

    Benefits of a Rate Booster Certificate of Deposit include:

  • See your savings increase

  • Enjoy a certificate of deposit with tiered interest rates

  • Enjoy a better return on your savings

  • Requirements for opening a Rate Booster Certificate of Deposit:

  • 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