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Certificate of Deposit

Right for you if:

  • You are looking for interest to be earned over a fixed term
  • You are looking for automatic renewal or upon instruction

Certificates of Deposit are monetary instruments for a specific period of time that accrue interest. Interest on the certificates will be payable as agreed with the customer.


With a Scotiabank Certificate of Deposit you enjoy:

  • Peace of mind knowing that your principal is protected and your interest rate is guaranteed
  • A range of terms to choose from
  • Interest payments that are tailored to meet your needs

Certificate of Deposit conditions:

  • Minimum opening balance of $10,000, as established by Republic of Panama law
  • Terms for deposits from one (1) to thirty-six (36) months
  • The interest rate changes according to the amount and the term

Requirements for residents:

  • Two (2) forms of personal ID (both with photo)
  • Three (3) personal references
  • A copy of a water, electricity, or telephone bill (to confirm your current address, even if the bill isn't in your name)

Ready to Apply?

  • By Phone:Speak to one of our specialists by calling
    (507) 297-5200 from Panama City &
    (507) 777-6500 from the city of David, Province of Chiriqui.