Deposits / Certificates

DEPOSITS / CERTIFICATES

Now you can invest your capital in a safe and profitable investment account and get an attractive interest. Bicsa offers our local and foreign customers competitive rates and interest payments according to their convenience.

Our certificates are designed for Legal Entities with the purpose of obtaining the maximum yield with the lowest possible risk and competitive interest rates.

REGULAR FIXED TERM DEPOSITS

Our customers can invest their capital in a safe and reliable way and obtain attractive rates by opening fixed-term deposits and securing their capital for a stipulated period of time. The purpose is to obtain the maximum yield with the lowest possible risk and competitive interest rates

Conditions

Terms from 30 days to 5 years
Minimum Opening Amount: US$10,000.00 in the Panama Office.
Minimum Opening Amount: US$50,000.00 in the Miami Agency
Interest rates according to the term

Benefits

Expert advice on the placement of your funds.
Support from a banking institution with the highest level of financial soundness.
Access to your account for consultations and transfers through our 24/7 e-Banking from anywhere in the world.
Availability to use your term deposit as collateral in bank loans.

Requirements

Complete the General Customer Data and Opening Application.
Articles of incorporation and its amendments.
Recent certificate of the Public Registry.
Valid personal identity card or passport of signatories.
Bank references of the company.
General resolution.

LOCAL / FOREIGN FIXED TERM DEPOSITS

Term	Less than $100M	More than $100M
30 days	0.15%	0.25%
60 days	0.50%	0.75%
90 days	0.75%	1.00%
120 days	1.00%	1.25%
180 days	1.50%	1.75%
1 year	2.50%	3.00%
2 years	3.25%	3.50%
3 years	3.75%	4.00%
4 years	4.25%	4.50%
5 years	4.75%	4.75%

These prices will remain in effect until further notice.

Effective as of January 2018.

FIXED TERM DEPOSITS WITH VARIABLE RATES

A Term Placement that allows you to benefit from increases in international interest rates based on changes in the Libor rate. The bank assures you a return on your capital by negotiating a minimum rate for the entire term of the period, guaranteeing that your interest rate will never be less than the agreed limit.

Conditions

Terms from 2 to 5 years.
Minimum Opening Amount: US$50,000.00

Benefits

Support from a banking institution with the highest level of financial soundness.
It is negotiable and transferable.
The rate is established based on the Libor plus a spread according to the term and a minimum floor rate negotiated for the entire term of the deposit that will be applied if the resulting tax on each revision date is not higher than that fixed minimum limit. This ensures that your interest rate will never be less than the agreed limit.
The placement of your resources at medium term allows you to benefit from increases in international interest rates based on changes in the 6-month LIBOR rate.
Access to your account for consultations and transfers through our 24/7 e-Banking from anywhere in the world.

Requirements

Complete the application for Opening a Term Deposit.
Complete the General Customer Data.
Valid personal identity card or passport of the signatories.
Bank References.

LOCAL/ FOREIGN FLOATING RATE DEPOSITS

Term	Base rate	Minimum rate
2 years	Libor 3 mo + 0.125%	3.00%
3 years	Libor 3 mo + 0.25%	3.25%
4 years	Libor 3 mo + 0.50%	3.50%
5 years	Libor 3 mo + 0.50%	3.75%

These prices will remain in effect until further notice.

Effective as of January 2018.

AT CALL DEPOSITS

Placements of sight deposits where those customers who are required to keep liquidity in the short term, are able to obtain an attractive interest rate on said funds.

This Product allows making increases, decreases, or cancellations at the request of the customer. Interest is payable on monthly basis.

Conditions

Rate: 0.50%
Minimum Opening Amount: US$ 100,000.00
With established or defined expiration date.

Benefits

Expert advice on the placement of your funds.
Support from a banking institution with the highest level of financial soundness.
Access to your account for consultations and transfers through our 24/7 e-Banking from anywhere in the world.
Availability to use your term deposit as collateral in bank loans.

Requirements

Investment instructions

CURRENT ACCOUNT IN FOREIGN CURRENC

At BICSA, we offer the option of diversifying your assets in the foreign currency of your choice through term deposits at competitive rates in the following currencies:

Euros.
Pound Sterling.

Conditions

Minimum Opening Amount: US$100,000.000
Interest paid upon expiration of the deposit.
Terms from 6 months to 3 years.
No collateral loans on deposits are allowed.
Quotes will be subject to changes.

Further information

To obtain further information on Deposits / Investment Certificates – Corporate Banking, write us at this email and one of our executives will communicate with you.