Redactor
Abr 1, 2024 – 4:32 pm
CDTs are a popular form of savings in Colombia and a low-risk investment. The interest and capital are guaranteed by Fogafin for up to 50 million pesos, so they are a Good option for investors who want to face less risk.
(Read also: How much could you earn if you put $10,000,000 into a CDT with a new interest rate in Colombia)
Banks have online CDT simulators so that people can see how much they can earn for the money deposited and thus know which one gives them the best profitability.
Using this tool, Pulzo did the math and these are the profits that can be obtained with the CDTs of Bancolombia, Banco de Bogotá and AV Villas, within a period of 12 months:
If you save $5,000,000 in this bank’s CDT, you will earn $438,265. The annual effective rate is 9.00%.
If you deliver $5,000,000 to the CDT of this bank, will earn $492,000. The annual effective rate is 10.25%.
If you deliver $5,000,000 to the CDT of this bank, will earn $435,830. The annual effective rate is 8.95%.
Note: Withholding at source is deducted from the indicated earnings.
12-month CDT, the favorite of clients in Colombia
This savings alternative was one of those preferred by Colombians during 2023, The Republic explained. Due to the high returns they offered due to the rise in interest rates, CDTs grew 22.83% compared to 2022according to the Financial Superintendence.
Furthermore, disaggregating by the time in which clients leave the money saved, the six-month CDT grew 2.12%. Between six and 12 months, savings grew 30.07% and it was the segment that increased its balance the most in a year.
While the balance between 12 and 18 months grew 27.95% in one year. Finally, in the period of 18 months or more, savings increased 27.6%, indicated the aforementioned economic media.
Read all the economic news today here.