Dollars bank account?

bellakins

Active member
May 31, 2008
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Are there any banks in the DR that offer US$dollar savings accounts?
How much interest is paid? Also, which bank offers the best rates for a CD?
Will a CD be in DR$ (pesos)?
 

granca

Bronze
Aug 20, 2007
1,418
48
0
87
Banco Popular offers a US$ savings account, I've got one but I can't remember what the interest rate is. I've had it for around 4 years and find it easy, convenient to use. No charges except when a deposit is made by SWIFT or some such transfer and then its not very big. Occasional hiccups if you want do draw out more than US$ 1000. the bank maybe a bit short on dollars, half today the rest tomorrow. You can have the bank change it straight into RD$ but you still do not get as good a rate as Caribe. From talking around the other banks seem to offer the same, I know Scotia does.