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  1. #1
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    Default Which banks are giving out the highest CD rates as 02.08

    Hey I was wondering which banks is giving out the highest rate in Dominican republic right now. I check out the Central Bank of D.R. and they give out 11 percent and then 9 percent per year. The question where is the central bank located in Dominican republic so that can be my first stop to deposited some money in there.

  2. #2
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    The 11 percent interest on the cd is if you commit for 24 months.

    Banco Central de la República Dominicana

  3. #3
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    Quote Originally Posted by A.Hidalgo View Post
    The 11 percent interest on the cd is if you commit for 24 months.

    Banco Central de la República Dominicana
    so they are giving out 9 percent per year that is cool.. Where can I locate this bank in DR?

  4. #4
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    Call the numbers at bottom of link page. It says cd applications done by appointments. Perhaps others can give you the location.

  5. #5
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    Quote Originally Posted by A.Hidalgo View Post
    Call the numbers at bottom of link page. It says cd applications done by appointments. Perhaps others can give you the location.
    You already gave it to him, Alfredo.

    castillo183, use A.Hidalgo's link and click on................(drum roll ) Contacto and you will find addresses, phone nos. & email address.
    Banco Central de la República Dominicana

    I assumed from your first post that you have Spanish? You will need it in order to do a BC so if you haven't take someone with you who has.

  6. #6
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    Actually there is a Banco Central in Santiago and they speak English. Currently for 30 months you can get a 15% rate. No appointment was need when we were there, but perhaps thats changed.

  7. #7
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    English being spoken at Santiago BC is also a change from 4 years ago when a friend had her Baninter investment transferred to BC - fortunately she was fluent in Spanish. Worth the OP phoning to also get info about not turning up with sacks of cash.......

  8. #8
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    Quote Originally Posted by Phil&Gerry View Post
    Currently for 30 months you can get a 15% rate. No appointment was need when we were there, but perhaps thats changed.
    The current terms have changed slightly. Here are the current offerings:

    Certificados a Plazo Fijo

    Plazos Tasas de Interés
    • 180 días 8%
    • 365 días 9%
    • 18 meses 10%
    • 24 meses 11%
    • 30 meses 13%
    • 36 meses 15%


    Also, investor are being attended by appointment only at this time. A potential investor might get lucky and walk in to find an open appointment slot for the day they walked in but I don't recommend just going to BC without an appointment.


    Los inversionistas serán atendidos por citas,
    las cuales pueden ser solicitadas a través de
    los teléfonos:

    (809)221-9112
    (809)221-9116
    source: Banco Central de la República Dominicana

    NotLurking

  9. #9
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    I thought you can't just take a sack full of cash (large amount of money) to any DR bank to deposit in anything, unless you have a proof of where it came from....

    Or is that just for money coming from abroad ?!

  10. #10
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    thoses CD s can they be in U.S. curency

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