What's the interest rate for Caja de Ahorros

What's the interest rate for Caja de Ahorros accounts?

Legal y Financiero hace 2h 1 answer • omar95

I run a small laundry in Panama City and I've noticed that Caja de Ahorros advertises a 4% interest rate for their accounts, but whenever I calculate the interest, they always seem to pay less than what they offer. I'm not sure if this is a problem for small amounts, but for larger sums, it could be significant.

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Sanne V • hace 49m

Always check the fine print - that 4% interest rate is only for balances over 50,000. If that's your case, verify the correct interest calculation with the bank, it's not usual to have calculation errors with any bank, but it's good to know how it's calculated.

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