Deposits in dollars are the option with the highest profitability in banks: how much interest does each financial institution pay?


Find out how much interest banks and municipal savings banks grant for dollar deposits | Photo composition: Infobae Peru

According to the profitability ranking prepared by the consulting firm MC&F and IFEL at the end of January, the option of deposits in dollars is currently considered as the most profitable in banks due to several factors. Mainly, the dollar has recovered its value against other currencies, including the Peruvian sol, thus boosting the profitability of investments in this currency.

The current situation of the foreign banknote is due to the fact that the United States has strengthened its economy by 3.1% in 2023 and this has fallen in good with the dollar, which appreciated by 2.8% in January of this year. By contrast, The Peruvian sol experienced a depreciation after the 0.55% contraction of the GDP of the Inca country last year, mentions Fernando García, investment manager of Kubus Capital for Management.

The interest rate average offered by banks for savings in foreign currencies, especially in dollars, is 3.1%. Municipal savings banks offer a slightly lower rate, 3%.

It is important to highlight that until January, according to the MC&F and IFEL ranking, the yield of these deposits exceeded that of the Lima Stock Exchange, which was 2.9%, as well as that of mutual funds, with 2.6%, the funds of AFP, which reached 1.6%, and other investment instruments.

FILE PHOTO: People walk in front of the historic headquarters of the Central Reserve Bank of Peru (BCRP) in the center of Lima, Peru. on August 26, 2014. REUTERS/Enrique Castro-Mendivil/File

Below, we detail the information consulted by Infobae Peru to the Superintendence of Banking and Insurance (SBS) about how much interest the municipal banks and savings banks grant for deposits in dollars for a period of one year.


  • Falabella Bank: 3%
  • Scotiabank Peru: 2.15%
  • GNB Bank: 1.25%
  • CrediScotia: 0.8%
  • BBVA: 0.75%
  • Banco Pichincha: 0.7%
  • Bancom: 0.65%
  • BanBif: 0.5%
  • Alfin Bank: 0.4%
  • MyBanco: 0.35%
  • Interbank: 0.3%
  • Credit Bank: 0.25%
  • Ripley Bank: 0.25%

Cash and Financial:

  • QAPAQ Financial: 5%
  • OH Financial: 3.5%
  • CRAC Los Andes: 0.5%
  • CMCP Lima: 0.45%
  • CRAC Prymera: 0.4%
  • CMAC Huancayo: 0.4%
  • CMAC Tacna: 0.35%
  • CMAC Arequipa: 0.35%
  • CMAC Piura: 0.3%
  • CMAC Sullana: 0.3%
  • CMAC Del Santa: 0.25%
  • Proempresa Financial: 0.25%
  • CMAC Maynas: 0.2%
  • CRAC Cencosud Scotia: 0.2%
  • CMAC Ica: 0.15%
  • Credinka Financial: 0.1%
  • CMAC Cusco: 0.1%
  • CMAC Trujillo: 0.05%
  • Financial Confidence: 0.01%
  • Let’s Share Finance: 0.01%

As mentioned by Paul Rebolledo of Tandem Finance for the aforementioned medium, the strong US economy and inflation lead the Fed to maintain its interest rate at 5.5%, while in Peru, the fall in inflation allows the BCRP reduce yours to 6.25%. This narrows the margin between the rates of both countries, making the dollar and investments in this currency more attractive than emerging market currencies, such as the Peruvian sol.

Along these lines, experts agree that until mid-yearinvestments and savings in dollars will maintain their attractiveness compared to other currencies, at which time it is anticipated that the Federal Reserve will begin reducing its interest rate.

Dollar deposits are now more attractive in Peru due to the devaluation of the national currency. EFE/MARCELO SAYÃO

“It will be a long time before the sun regains its attractiveness,” says García. “Since the Peruvian investor does not like volatility, for them deposits in dollars, now more attractive, are a valid option,” adds Rebolledo.

This Friday, February 23, the exchange rate It was established at S/3.7930 at the beginning of the day, according to the economic website Bloomberg. At the same time, in the informal market, the price for purchase is S/3.785 and for sale is S/3.81.


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