Costa Rica Bank Deposit Rates

[pebo]

Can anyone supply any info on approximate fixed deposit rates for funds placed in local banks in colones for long terms 2-4 yrs etc. I assume interest earned would also be taxable. Rates in N. American are pitifully low.

Thanks—–Peter

[bogino]

T-Bills with maturities out to 3 months have been trading at negative yield. How’s that for a return…:(:(

[Bandera]

[quote=”pebo”]Can anyone supply any info on approximate fixed deposit rates for funds placed in local banks in colones for long terms 2-4 yrs etc. I assume interest earned would also be taxable. Rates in N. American are pitifully low.

Thanks—–Peter[/quote]
Peter. I had a Cd with Banco de National de CR. For One year in Euros. I watched it appreciate against the US Dollar and thus the Colone. Alot of Panama Banks have branches in CR. Look up everbank.com
They have rates around the world.
I an going to reenter my subscription to the Adsen Sisters who have been in CR for 30 years. They are pretty sharp on what currencies are getting stronger. I can email you
Stan
Bandera
Racine WI

[Andrew]

I think you’re referring to the Aden sisters: Pamela and Mary Ann Aden, Bandera, yes?

[ http://www.adenforecast.com/aboutUs.php ]

[Bandera]

[quote=”Scott”]I think you’re referring to the Aden sisters: Pamela and Mary Ann Aden, Bandera, yes?

[ http://www.adenforecast.com/aboutUs.php ][/quote]
That is correct, Peter . I have followed them for 30 years. They have lived in Costa Rica. The best advice for you is to diversify. Remember what paper money is?

Stan

[Andrew]

Forgive me Bandera Stan but I deleted your email address from your previous post ….

The last thing I need is to be accused of helping to promote a “tax evasion” scheme on the site and yes! It has happened to people I know…

Scott

[pebo]

Thanks Stan and Scott. I am somewhat diversified but presently working/living in India and leaving a good chunk of cash in local currency at 9% compounded and also in precious metals as fiat currencies especially in the west are risky I believe.

India has high interest lending rates and subsequent attractive CD rates, I thought lending rates were also high in CR hence the querie re: deposit rates.

Appreciate other leads also.

Cheers—- Peter

[Author]

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