Tag: Banking & Money

Jul 19 2012

From 11.75% to 12.5% Interest on a 12-Month Certificate of Deposit!

We wanted to inform all of our interested readers that our bank, Coopenae, has just raised interest rates to 12.5% on a 12 month Certificate of Deposit. As luck would have it, our initial 12-month CD at 11.75% came to maturity in late June, just after the rate was increased, and we were able to …

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Mar 16 2012

DIMEX, What is it? And Why Should It Matter To Me?

After our recent articles about our bank, Coopenae, & their 11.75% 12 month CD, more inquiries came in regarding investing here in Costa Rica. In the articles, we tried to address investors fears by answering questions about Coopenae , but in the process left out the fact that, in addition to being a legal resident, …

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Feb 10 2012

11.75% Colones CDs: Answering Your Questions

Many people have written to us asking questions about our local investments at Coopenae, so we thought we would follow up and try to answer some of the most common questions. Usually they have to do with why we chose to invest there and whether or not it’s safe. We met with Marco Ramírez Jiménez, the …

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Jul 20 2011

Investing in Colones Certificates of Deposit

While we pay our rent in U.S. dollars, we pay for everything else in colones.  For the last two years, we’ve been using our debit card from our U.S. bank to withdrawal dollars for our living expenses, then walking into a local bank to exchange much of it into colones.  The exchange rate has gone …

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Permanent link to this article: https://retireforlessincostarica.com/investing-in-colones-certificates-of-deposit/