Rate Booster Certificate of Deposit

Right for you if: 

  • You are looking for an increasing interest rate

  • You are interested in automatic renewal or renewal upon instruction

    With this deposit, you will have an interest rate that will have a staggered increase during its term.

  • See your savings increase

  • Enjoy a certificate of deposit with tiered interest rates

  • Enjoy a better return on your savings

  • 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.

  • Copy of the Articles of Incorporation and copy of the company's Single Tax

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

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

  • Business certificate of deposit contract

  • Ready to Apply?

    In Person

    Visit your nearest Scotiabank branch

    Locations
    By Phone from Panama City

    Speak to one of our specialists by calling

    (507) 215-5491
    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500