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Rate Booster Certificate of Deposit

Right for you if:

  • You are looking for tiered interest rates
  • You are looking to collect interest at sub-terms

With a Rate Booster Certificate of Deposit, you have an interest rate with a tiered increase during its term.

  • Minimum opening balance of $10,000, as established by Republic of Panama law
  • Terms for deposits from eighteen (18) months to three (3) years
  • The interest will only be payable at the sub-terms, as follows:
18-Month Rate Booster Certificate of Deposit

3-year Rate Booster Certificate of Deposit

At the end of the sub-term, you can request that the interest be paid into a Scotiabank account, or it will be reinvested.


Benefits of a Rate Booster Certificate of Deposit include:

  • Seeing your savings increase
  • Enjoying a fixed-term with tiered interest rates
  • Receiving a better return on your savings

Requirements for opening a Rate Booster Certificate of Deposit:

  • 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.