Learning Center
Master the fundamentals of Certificate of Deposit investments in Costa Rica. Learn about rates, taxes, and how to make smart financial decisions.
Featured Articles
What is a Certificate of Deposit (CD)?
A comprehensive guide to understanding CDs in Costa Rica, how they work, and why they might be right for your savings.
Read More →Understanding Taxes on CD Interest
Learn about withholding tax rates (7-15%) and how they affect your net returns.
Read More →How to Choose the Right CD
A framework for comparing CDs and making informed investment decisions based on your goals.
Read More →Quick Reference
CD Basics
- 1.You lend money to a financial institution for a fixed period
- 2.The institution pays you interest at an agreed-upon rate
- 3.You get your principal back at maturity
- 4.Income tax (7-15%) is withheld from your interest earnings
Why Choose CDs?
- ✓Safe: Backed by deposit guarantee protection up to 30 million colones
- ✓Predictable: You know the exact return before investing
- ✓Flexible: Terms range from 6 months to 24+ months
- ✓Competitive: Higher rates than savings accounts
Tax Rates by Institution Type
Banks (Public & Private)
15%
Withholding tax on CD interest earnings from regular banks
Cooperativas
15% / 7%
Standard rate 15%, or 7% for special cooperatives with appropriate tax regime
Mutuals
7-15%
Varies based on the mutual's tax regime classification
Ready to Invest?
Use our tools to compare rates and calculate your returns.
Useful Resources
Frequently Asked Questions
What happens if I need my money before the CD matures?+
Most CDs have early withdrawal penalties. Check the specific terms with your institution, as penalties vary.
Are CDs FDIC insured?+
In Costa Rica, CDs are protected by FOGADE (Deposit Guarantee Fund) up to 30 million colones per depositor per institution.
Can I renew a CD automatically?+
Many institutions offer automatic renewal at maturity. Check the terms when you open your CD.
What is the difference between gross and net rates?+
Gross rate is before taxes, net rate is after the withholding tax is deducted. Use net rate to compare actual returns.