Costa Rica Interest Rates

The Costa Rican economy with a population of 4.3 Million (Est 2011 census) ranks 85th in the world with a GDP PPP of 44 billion and GDP PPP per capita of 11,923 vs 48,328 (United States) according to the IMF in 2011. Its currency is the Costa Rican colón which is often denoted as CRC in FX markets. Its banks offer fixed interest rate of return product for retail customer savings called a 'certificate of deposit' or 'CD'. Its inflation estimates according to website for the country was 4.9% in 2011 and 4.5% in 2012.

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Costa Rica Bank Photos

Costa Rica Banks

Provider Branch Founded Ownership
Banco De Costa Rica Banco De Costa Rica 245 1877 Local
Banco Nacional Banco Nacional 170 1914 Local
Citibank Costa Rica Citibank Costa Rica 12 1968 Foreign
Banco Cathay Banco Cathay 8 1998 Foreign
Scotiabank Costa Rica Scotiabank Costa Rica 1995 Foreign

Costa Rica Discussion Activity

  • Banco De Costa Rica - Deposits - BCR 1 Year CD
    Q: If I deposit the funds in US dollars, would I get that interest paid in US dollars on a monthly basis deposited in the US?

    Reply Nelson from United States
  • Citibank Costa Rica
    Q: I thought Citibank was bought by Scotiabank in 2016. Are you a subsidiary of Scotiabank now?

    Reply Ed from Miami, United States
  • Citibank Costa Rica
    Q: II am a US citizen with a newly formed company buying property in Nosara. What will I need to open an account in the company's name? I'll mainly be using the account for paying utilities and expenses. Also, do you have more than one form of business account? Thanks, Scott

    Reply Scott from United States
  • Scotiabank Costa Rica
    Q: I am a frequent visitor to Costa Rica on a US passport. Can I open an interest bearing account at Scotia Bank in Costa Rica ? Rates?

    Reply Richard from San José, Costa Rica
  • Scotiabank Costa Rica
    Q: What savings account interest rates and CD rates are offered at Scotiabank Costa Rica? Thank You.

    Reply Michael from United States
  • Citibank Costa Rica
    Q: Where are your bank locations in Costa Rica? Also we are moving to Costa Rica but will have our pension checks deposited in the U S, will that cause a problem? Will we need to provide documents every time to pay someone in Colonas?

    Reply Jim from United States
  • Banco De Costa Rica - Deposits - BCR 2 Year CD
    Q: Are there fees for opening up a CD? Gracias

    Reply Mark J from Reno, United States
  • Banco De Costa Rica - Deposits - BCR 6 Month CD
    Q: I live in the United States, can I open an account with your bank and receive the same CDMA rate? and what are the requirements? Thank you

    Reply Michael Calamita from United States
  • Deposits
    Q: I'm from Costa Rica but I live in US, can I open checking account or CD?

    Reply anna from Katy, United States
  • Banco De Costa Rica - Deposits
    Q: I am a US citizen; may I open a bank account in Costa Rica and invest in CDs or other products?

    Reply James Calkins from Moab, United States