Find out which financial entities remunerate your savings best in installments so that you can choose the most attractive financial option for your profitability.
Given the possibility of a new withdrawal from the pension fund of the AFPs, proposed from the Congress of the republicmany Peruvians usually take advantage of saving them in term deposits in the different financial entities regulated by the Superintendency of Banking, Insurance and AFP. Know in the following note Which municipal banks or savings banks pay your savings the best so that you can choose the most attractive financial option for your profitability.
To this end, the Superintendence of Banking, Insurance and AFP (SBS) reports, through its official website, the annual fees paid by each financial institution. It must be specified that the exposed data is referential. To consult the exact detail, must be validated with each financial institution.
What is a fixed term account and how does it work?
In principle, time deposits are sums of money contributed to a financial institution (of your preference) in exchange for receiving interest generated over a period of time. Regarding fixed-term accounts, the SBS defines them as “money deposits that are made for a determined period”. Therefore, the user is obliged to not have the funds before the agreed deadline expires.
The financial entity will pay an interest rate according to the agreed amount and the time the money remains. This account may belong to a natural staff either legaleither in soles or in dollars.
Which bank and municipal savings bank pay more interest for a fixed-term deposit in 2023?
Review in the table the annual effective rates of return (TREA) that financial entities pay for fixed term deposits. The percentage indicates the final amount that the user will earn for his deposit. The calculation, updated to February 10, 2023 by the SBS, It is for deposits for S/5,000 to 360 days:
| Financial entity | TREA % |
| FINANCIAL OH | 8.25% |
| CRAC THE ANDES | 7.8% |
| RIPLEY BENCH | 7.5% |
| FALABELLA BANK | 7.5% |
| QAPAQ FINANCIAL | 7% |
| CMCP LIMA | 7% |
| CRACK PRIMERA | 6.5% |
| SCOTIABANK PERU | 5.55% |
| CRACK ROOT | 5.25% |
| GNB BANK | 4.75% |
| FINANCING CREDINKA | 4.3% |
| CMAC SULLANA | 4.1% |
| CRAC CENCOSUD SCOTIA | 4% |
| ALFIN BANK | 3.9% |
| TRUJILLO | 3.55% |
| TRUSTED FINANCIAL | 3.5% |
| BBVA | 3.5% |
| CMAC PIURA | 3.5% |
| EFFECTIVE FINANCIAL | 3.5% |
| CMAC HUANCAYO | 3.55% |
| LET’S SHARE FINANCE | 3.3% |
| CUSCO | 3.1% |
| CMAC ICA | 3% |
| crediscotia | 2.8% |
| CMAC AREQUIPA | 2.8% |
| BANK OF COMMERCE | 2.75% |
| CMAC TACNA | 2.7% |
| CMAC DEL SANTA | 2.6% |
| FINANCING PROCOMPANY | 2% |
| PICHINCHA BANK | 1.75% |
| BANBIF | 1.4% |
| MY BANK | 1.15% |
| INTERBANK | 0.5% |
| CREDIT BANK | 0.2% |
The rates paid by financial institutions may vary according to the amount (from S/5,000 to S/20,000) and the fixed term, in this case (see picture) is 360 days.
Could your savings be at risk?
Deposits in financial entities that are supervised by the SBS are covered by the Deposit Insurance Fund (FSD) up to a maximum of S/125,603. That is, the risk of losing savings in a bank or municipal fund up to the aforementioned amount.
possible penalty
The SBS ensures that, if the user makes partial or total withdrawals before the agreed term expires, “will be subject to the payment of penalties provided for in the contract.”
Source: Larepublica
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