CTS deposits in soles are the ones that yield the most
Posted: Tue Jan 07, 2025 9:33 am
If you are thinking of changing financial institutions, do so with sufficient time before the next deposit (November).
All employees on the payroll are entitled to Compensation for Time of Service (CTS), which will be deposited in May and November. But do you know which financial institution offers you the most profitability?
According to the Superintendency of Banking, Insurance and AFP (SBS) website, municipal savings banks are the ones that offer the highest rates, especially if deposits are made in soles.
In this regard, the Maynas and Paita qatar number screening savings banks lead the list of the most profitable, as they have an effective annual rate of 11% for deposits in local currency. In the case of deposits in dollars, the Piura savings bank is the most attractive, as it pays a return of 6.5%.
Meanwhile, Banco Ripley has one of the highest rates: 7.50% if your CTS is in soles and 2.75% if it is in US currency.
CHANGE The director of the portal, Juan Carlos Ocampo, says that when choosing a financial institution, you should not only take into account the rates, but also the benefits offered by the companies.
"There are companies that offer easier access to vehicle loans or mortgage loans if you choose them as the entity to store your CTS," he says.
Meanwhile, Víctor Ferro, founding partner of the Rubio, Leguía, Normand y Asociados law firm, explains that to change entities you only have to notify the company where you work.
Once the request has been received, the employer has eight days to notify the bank about the transfer. This financial institution will take approximately 15 days to complete the process.
All employees on the payroll are entitled to Compensation for Time of Service (CTS), which will be deposited in May and November. But do you know which financial institution offers you the most profitability?
According to the Superintendency of Banking, Insurance and AFP (SBS) website, municipal savings banks are the ones that offer the highest rates, especially if deposits are made in soles.
In this regard, the Maynas and Paita qatar number screening savings banks lead the list of the most profitable, as they have an effective annual rate of 11% for deposits in local currency. In the case of deposits in dollars, the Piura savings bank is the most attractive, as it pays a return of 6.5%.
Meanwhile, Banco Ripley has one of the highest rates: 7.50% if your CTS is in soles and 2.75% if it is in US currency.
CHANGE The director of the portal, Juan Carlos Ocampo, says that when choosing a financial institution, you should not only take into account the rates, but also the benefits offered by the companies.
"There are companies that offer easier access to vehicle loans or mortgage loans if you choose them as the entity to store your CTS," he says.
Meanwhile, Víctor Ferro, founding partner of the Rubio, Leguía, Normand y Asociados law firm, explains that to change entities you only have to notify the company where you work.
Once the request has been received, the employer has eight days to notify the bank about the transfer. This financial institution will take approximately 15 days to complete the process.