As of 1/24/12

Name of Institution – Mutualista de Pichincha  (www.mutualistapichincha.com)

Minimum Required Deposit – $500

Must be a resident with an Ecuadorian ID card, to open an account.

CD Duration and Rate                                   Chase Bank (same duration)

(based on $5,001 invested)

30 Day – 3.95%                                                      0.0%

61 Day – 4.10%                                                      0.0%

91 Day – 5.05%                                                      0.0%

121 Day – 5.45%                                                     Not Available

181 Day – 5.60%                                                     0.20%

360 Day – 6.00%                                                     0.25%

Invest $5,000 with no additional investment by end of year 10

$8,954 in Ecuador, $5,126 at Chase Bank

Invest $10,000 with no additional investment by end of year 10

$17,908 in Ecuador, $10,253 at Chase Bank

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s