Interest rates in DR?

m65swede

New member
Mar 18, 2002
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O&C's recent thread titled "Some curiousities about the DR economy " has made me wonder what interest rates are in the DR at the present time. He mentioned mortgage interest rates as high as 22%.

For example, what is the typical interest rate on a passbook savings account? CD's? Let's refer to deposits made in mainstream banks such as Banco Popular, etc.

Jest wunderin' :)

Swede
 

Escott

Gold
Jan 14, 2002
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www.escottinsosua.blogspot.com
Banks

4-5 percent in passbooks
6.5 to 8.5 in CD's at banks

US DOLLARS

5-6 percent in passbooks

10-16 percent in CD's

PESOS

Mortgage house

14 percent for US DOLLARS
21 percent for Pesos

All of course depends on dollars invested. 100k to get the top rate in US dollars.

Don't know about pesos.