During last January, 25 with banks operating in Colombia recognized an average rate of 17% in the CDT Term Certificates of Deposit at a one-year term, a figure that triples what he paid a year ago.
(You can also read: Which banks offer the most profitable CDT)
This figure corresponds to the data that these entities report to the Financial Supervision in terms of recognition for the resources that their clients, people or companies bring them.
This rate is high, therefore, with the monetary normalization process that the Banco de la República launched since September 2021 -increasing interest rates, and which has not ended, with the purpose of combating inflation-, the Rates for deposits (CDT and savings accounts, especially) and placement (credits) have been rising.
Within the commercial strategies of banks, it should be mentioned that the rates they pay are related to some aspects that may vary by geographical area or type of office.
Within the ranking elaborated by Portafolio, in first place appears the santander bank colombiawhich, according to the report to the Financial Superintendence, recognized an effective annual rate of 19.29% to these one-year papers.
Said bank, for some years now, has only worked with the corporate sector and not with natural persons, so that this rate can be enjoyed by the companies that it has as clients.
However, keep in mind that these rates are published as a reference, but are not a commitment for titles that are paid today.
In second place is Banco de Bogotá, with an average rate of 18.94%, it is indeed aimed at all its clients, individuals and corporations.
The resources obtained with CDT totaled $77.5 billion in 2016.
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Next, in the first month of the year, the davivienda bankwith 18.51% in its CDTs with a 360-day term.
In the last year there has been strong competition from financial institutions in Colombia for the resources they receive from the public to comply with some technical requirements related to international banking legislation known as Basel III.
Banks need good liquidity to face credit growth and the Cefen (Net Stable Funding Ratio), which seeks that financial entities maintain a stable funding profile in relation to their assets.
