Colombia Interest Rates

The Colombian economy with a population of 45.58 Million (Est 2010) ranks 28th in the world with a GDP PPP of 396 billion and GDP PPP per capita of 9,046 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Colombian Peso (COP). Bank deposits held for a fixed term in Colombia are called certificates of deposits. Data from the indicates that inflation in Colombia was 7% (2008 est.) and 4.2% (2009 est.)

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Colombia Banks

Showing rates for 6 Bank deposit providers in Colombia.
Bank Branch Founded Ownership
Bancolombia Bancolombia 796 1945 Local
Banco Davivienda Colombia Banco Davivienda Colombia 743 1972 Local
Banco Agrario Banco Agrario 742 1999 N/A
Banco de Bogota Banco De Bogota 734 1870 Local
Banco de Occidente Banco De Occidente 196 1965 Local
Citibank Colombia Citibank Colombia 56 1929 Foreign

Colombia Discussion Activity

  • Bancolombia - Deposits - Bancolombia 6 Month Certificate Of Deposit
    Q: If I open a 6 month CD, and have to withdraw the funds before 6 months can that be done and if so what, if any, is the penalty for early withdrawel?

    Lee from Brooklyn, United States
  • Deposits
    Q: I'm a US citizen, what is required for me to open a bank account and invest in a Colombian CD?

    Edward Maltass from El Centro, United States
  • Bancolombia - Deposits - Bancolombia 3 Month Certificate Of Deposit
    Q: What is the minimum amount to open a CD with your bank?

    Matt from Savannah, United States
  • Bancolombia - Deposits - Bancolombia 1 Year Certificate Of Deposit
    Q: I was in one of your Medellin branches last week.with a friend who has an account with you. We sat down with a young girl, who helped us, and i had asked about opening an account in your bank , I am not Colombian but a US citizen, When i asked about Interest rates on "CD'S" she was lost, and did not know what a CD was, and when i asked about interest rates on deposits again she did not have an answer, At the time you were 5.85% as per your web site, but it seems like she was not interested in american business?? My question is - as a foreigner can i open an account in your bank ? can i transfer money from my US bank to it? Can I but CD'S ? I see the rate has gone up to 8.23%?? is this correct? I would be interested in 1 year CD'S . Thank you in advance. My Spanish is horrible so I would need a English speaking banker. regards Howard

    Howard from Titusville, United States
  • Deposits
    Q: Are all deposits insured and up to how much? Also do you have longer terms for higher rates example 5 -10 year cd's Ray

    ray r from Tampa, United States