As of 1/23/2012

Name of Institution – VazCorp (www.vazcorpsf.com)

Location – Gran Columbia 7-98 y Luis Cordero (Cuenca, Ecuador)

Minimum Required Deposit – $300.00

CD Duration and Rate                                      Chase Bank (same duration)

30 Day – 4.00%                                                      0.0%

60 Day – 4.10%                                                       0.0%

90 Day – 5.20%                                                       0.0%

180 Day – 6.20%                                                     0.20%

366 Day – 6.80%                                                     0.25%

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

$9,653 in Ecuador, $5,126 at Chase Bank

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

$19,307 in Ecuador, $10,253 at Chase Bank

One response »

  1. Hi
    Thanks so much for your very informative yet concise blogs. Very good job. I was wondering if you know the income tax rate for Ecuador for resident? I am planning to relocate to Ecuador and apply for investor visa. Those info on interests for fixed deposits are great. But do you know from interest earned how much of the gains will be taxed? Thanks!

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