Check the profits you can obtain in banks and municipal savings banks for fixed-term deposits, according to the various interest rates.
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The fixed term deposits They offer an attractive opportunity to grow your money in a stable and risk-free way. In this note, we reveal how much you need to deposit and in which bank to obtain up to S/800 in profits, and we show you a practical guide to get the most out of this investment option.
Fixed deposits are a popular alternative for those looking for secure returns. With competitive interest rates, several banks in Peru offer this investment option, providing a reliable way to grow your money. Read on to find out how to maximize your savings with fixed-term deposits and which banks offer the best profit opportunities.
What financial institution offers profits of S/800 for fixed-term deposits?
According to the Comparabien portal, Alfin Nuestro Banco offers its clients a profit of S/800 annually for depositing S/10,000 for a fixed term for a period of 360 days, since its interest rate of 8.00% is the highest compared to other financial entities. Compartamos Financiera DPF Campaign is the second entity that offers the highest profits. By depositing the same amount in one year you can obtain S/770 with an interest rate of 7.70%.
What are the profits that banks offer for fixed-term deposits?
| Financial entity | Interest rate | Annual profit |
| Alfin Our Bank | 8.00% | S/800 |
| Let’s Share Financial DPF Campaign | 7.70% | S/770 |
| Falabella Bank | 7.70% | S/770 |
| Financiera Credinka – Fixed term deposit campaign | 7.60% | S/760 |
| Ripley Bank | 7.50% | S/750 |
| Effective TuFinanciera | 7.50% | S/750 |
| Financial Oh! | 7.00% | S/700 |
| Metropolitan Fund | 7.00% | S/700 |
| Caja Arequipa – Growing Fixed Term Deposit | 7.00% | S/700 |
| Los Andes Box | 6.75% | S/675 |
| Bancom | 6.75% | S/675 |
| Caja Arequipa – Digital fixed-term deposit campaign | 6.65% | S/665 |
| Ica Municipal Fund | 6.60% | S/660 |
| Caja Arequipa – Fixed Term Deposit | 6.55% | S/655 |
| Qapaq | 6.50% | S/650 |
| BBVA – Term deposit in office soles | 5.90% | S/590 |
| BBVA – Digital term deposit in soles | 5.50% | S/550 |
| Cashier Center We Grow Together | 4.80% | S/480 |
| GNB Bank | 4.75% | S/475 |
| Financiera Credinka – Fixed term deposit | 4.30% | S/430 |
| Sullana Box | 4.20% | S/420 |
| Prymera | 3.60% | S/360 |
| Effective Your Financial | 3.50% | S/350 |
| Piura Box | 3.50% | S/350 |
| Financial Trust | 3.50% | S/350 |
| Huancayo Box | 3.35% | S/335 |
| Trujillo Box | 3.20% | S/320 |
| Cusco Box | 3.10% | S/310 |
| CrediScotia | 2.80% | S/280 |
| Tacna Box | 2.70% | S/270 |
| Santa Box | 2.60% | S/260 |
| Interbank | 2.50% | S/250 |
| ProEmpresa Financial | 2.00% | S/200 |
| Pichincha Bank | 1.75% | S/175 |
| Scotiabank | 1.45% | S/145 |
| Banbif | 1.40% | S/140 |
| My bank | 1.15% | S/115 |
| BCP | 0.25% | S/25 |
What is a fixed term deposit?
A fixed-term deposit is a financial product offered by banks or other financial institutions. In this type of deposit, the client deposits an amount of money in the financial institution for a period of time previously agreed upon by both parties.
The main characteristics of a fixed-term deposit are the following:
- Term: It is the period of time during which the money remains deposited and cannot be withdrawn without penalties. The term can vary from a few days to several years and, generally, a higher interest rate is usually offered for a longer term.
- Interest rate: It is the return that the client will receive for the money deposited during the agreed term.
- Liquidity: Fixed deposits generally do not offer full liquidity over the agreed period. That is, the money cannot be withdrawn before the expiration of the term without incurring penalties or loss of interest.
Fixed-term deposits are a common way to save money and earn a return on it, although the returns may be lower compared to other riskier financial products, such as stock market investments. However, they offer greater security and stability in terms of capital.
Bachelor’s degree in journalism from the Pontifical Catholic University of Peru. He is an editor with interest in gender, disability and economics issues.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
