Ban100 has introduced a new digital certificate of deposit (CDT) offering yields of up to 12.6%, with a minimum opening balance of just $250,000 Colombian pesos.
The product aims to lower the barrier to entry for retail investors seeking higher returns in the current interest rate environment.
Despite the low entry threshold, the bank noted that the average digital opening balance remained around $10 million pesos last year, a trend that has persisted into the current period.
The bank’s president, Héctor Chaves, highlighted the accessibility of the new instrument.
Despite the low entry threshold, the bank noted that the average digital opening balance remained around $10 million pesos last year, a trend that has persisted into the current period.
This suggests that while the product is designed for mass-market accessibility, existing customers continue to deploy significant capital.
The launch comes as Colombian financial institutions compete for retail deposits amid shifting monetary policy expectations.