Best Savings Accounts in Panama
Compare real interest rates from 15 banks. The average bank pays 1% — the best pay up to 4.75%.
If you have $10,000 at Banco General (1%), you earn $100/year. At Unibank (4.75%): $475. The difference: $375 — doing nothing else.
The biggest financial mistake in Panama is leaving money at your convenient bank. Switch in 15 minutes. No costs.
Unibank
Uni+ Digital
Estimated yield ($10,000)
$475per year+$375 vs BGMin. balance
No minimum
Rayo Pago
Cuenta Rayo
Estimated yield ($10,000)
$450per year+$350 vs BGMin. balance
No minimum
Towerbank
TowerPlus
Estimated yield ($10,000)
$350per year+$250 vs BGMin. balance
$5,000
Towerbank
TowerMax
Estimated yield ($10,000)
$300per year+$200 vs BGMin. balance
$2,500
Caja de Ahorros
Cuenta de Ahorro
Estimated yield ($10,000)
$275per year+$175 vs BGMin. balance
$1
Banco Pichincha
Cuenta de Ahorro
Estimated yield ($10,000)
$200per year+$100 vs BGMin. balance
No minimum
Global Bank
Cuenta Online MAX
Estimated yield ($10,000)
$175per year+$75 vs BGMin. balance
$100
Banco Nacional
Cuenta de Ahorro
Estimated yield ($10,000)
$150per year+$50 vs BGMin. balance
$100
Banistmo
Cuenta de Ahorro
Estimated yield ($10,000)
$125per year+$25 vs BGMin. balance
$100
Davivienda
Cuenta de Ahorro
Estimated yield ($10,000)
$125per year+$25 vs BGMin. balance
$100
BAC Credomatic
Cuenta de Ahorro
Estimated yield ($10,000)
$125per year+$25 vs BGMin. balance
$100
Banco General
Cuenta de Ahorro
Estimated yield ($10,000)
$100per yearMin. balance
$100
Multibank
Cuenta de Ahorro
Estimated yield ($10,000)
$100per yearMin. balance
$100
What is APY?
APY (Annual Percentage Yield) is the effective annual rate, including interest compounding. Always compare APY, not the nominal rate.