Banco de Occidente strengthens its savings offer with CDs up to 11.85% EA and the 'Kubo' portfolio
Banco de Occidente raised the rates of its CDs to up to 11.85% E.A. Photo: Banco de Occidente courtesy
TL;DR
- Banco de Occidente introduces Kubo, a savings and investment portfolio.
- CDTs now offer effective annual rates up to 11.85% for maturities between 360 and 540 days.
- Investors can choose to receive CDT yields monthly for improved cash flow or reinvestment.
- Kubo savings accounts allow the creation of up to five distinct savings 'Kubos' for specific purposes.
- Kubo savings accounts offer up to 9% effective annual yield with daily interest visualization and compound interest.
- The portfolio includes financial education components focused on goal-based planning.
- Julián Sinisterra, Commercial Vice President of People, emphasizes Kubo's focus on helping customers understand their savings goals.