Banco Económico review

The fixed-rate account carries a monthly fee of BOB 0, which matches the €0 median across the site. Most accounts in the everyday rankings also sit at that level, so the fee is not the reason to pick or avoid this one.

The rate is 6.5% to 8.5% and the term runs 6 to 12, with the rate type listed as fixed. That sits well above the 3% site median for headline rates, though fixed savings are a smaller group than variable ones here.

Part of the capital can be redeemed early, once a set waiting period has passed, without losing the interest earned, and only once per term. Interest is capitalised at maturity rather than paid out along the way, and longer deposits can be opened in the mobile banking app.

The minimum deposit is BOB 1,000, which is above the €0.11 site median for this kind of account. The figure is modest for a term deposit, but it is a real threshold compared with accounts that open with nothing.

Transfers are delivered Immediate, 24/7 including weekends and holidays, including at weekends and on holidays. You can pay out to a bank account or collect in cash, and the service covers from 120 currencies.

Protection details are not part of what is published for this brand, so treat the safety of the balance as something to confirm with the bank before you commit a large sum. Banco Económico operates as a bank in Bolivia, and the fixed account is the deposit product described.

It is a digital-only account, so everything runs through the app rather than a branch counter. That suits people comfortable managing money on a phone, and it suits less well anyone who prefers face to face support.

Support runs on phone and help centre, so you have phone and a help centre to fall back on. There is no live chat listed, which means complex questions may need a call rather than a quick message.