I haven't seen much on the board about Banco Santa Cruz except in relation to changing money and a post by Scott re CD interest.
The Sosua branch of Banco Santo Cruz is offering good deals to attract customers, with interest on savings and checking accounts higher than that paid by Banco Popular and others. The interest they offer on CDs is also higher, as was noted by Scott in his post.
What, if any, are the reasons not to switch to Banco Santa Cruz in order to benefit from the higher interest?
The Sosua branch of Banco Santo Cruz is offering good deals to attract customers, with interest on savings and checking accounts higher than that paid by Banco Popular and others. The interest they offer on CDs is also higher, as was noted by Scott in his post.
What, if any, are the reasons not to switch to Banco Santa Cruz in order to benefit from the higher interest?