What's the interest rate for Caja de Ahorros

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

Legal & Financial 5h ago 3 answers • 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 • 3h ago

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.

omar95 OP • 48m ago

Thanks for pointing that out, I hadn't looked at the tariff in a while, I'll make sure to be more careful.

belen_panama • 2h ago

I suggest you check the bank's tariff on their website.

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

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