The Fixed Term Deposit certificate or CDT has become today one of the most frequent and favorite alternatives for Colombians to conservatively and safely invest their resources. However, it is no secret that earnings are not necessarily high and are generally useful in maintaining the value of resources in the face of increases in inflation and other factors that affect static savings in an account.
Added to this, for example, is the relationship between the local currency and the dollar, which affects both the earnings on investments in Colombian currency and the static savings that are maintained in it. Although in 2023, for example, The peso managed to appreciate positively by more than 25% with respect to the dollar, going from $4,810 per dollar to $3,822.
Even so, it is clear that saving part of the resources available in dollars continues to be a very good alternative for those who can do so, based on factors such as the strength of the currency, its prominence in international trade (including decisive markets such as the hydrocarbons), greater convenience in the face of possible increases in inflation, ease of sale and exchange worldwide, among others.
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Putting all the above information together, the logical question is: Could a person invest in dollars from Colombia in a conservative alternative like a CDT? The quick answer is positive, although it must be taken into account that not all financial entities authorized in Colombia have alternatives in this regard and the majority of those that do depend on allies or having activity in foreign countries.
CDT in dollars? We tell you how to do it
The first thing to keep in mind is that The CDT does not have the same name outside of Colombia and the figure as such is called Term Deposit, which has exactly the same operation as a CDT: a moderate profit, previously established, for a deposited resource that remains static for a certain time. In Colombia, for example, this period can be from 30 days, up to three or six months, a year or more.