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Source: SBP and bank websites

Savings accounts in Panama: real rates from every bank

What each bank pays against the system average and what your balance earns in a year. No sponsorship, with a verification date on every table.

Verified Apr 13, 2026· source: Superintendencia de Bancos de Panamá

Best rate, instant access

4.75%APY

+3.75%vs. average

System average

1.00%APY

SBP, December 2025

Accounts compared

16

from 12 banks

Calculator and comparison

Set your balance and filter by availability. Yield uses the published APY; interest is Panamanian-source income and may be subject to ISR above the legal thresholds.

  • Unibank

    Uni+ Digital

    Best rate
    APY
    4.75%
    Yield per year
    $475
    vs. SBP average
    +$375
    Min. balance
    No minimum
    Access
    Instant access
    Channels
    App and web

  • Banistmo

    Ahorro con Propósito

    APY
    4.70%
    Yield per year
    $470
    vs. SBP average
    +$370
    Min. balance
    $100
    Access
    Fixed term, 12 months
    Channels
    App and branches

  • Rayo Pago

    Cuenta Rayo

    APY
    4.50%
    Yield per year
    $450
    vs. SBP average
    +$350
    Min. balance
    No minimum
    Access
    Instant access
    Channels
    App and web

  • Caja de Ahorros

    Mi Meta 12 meses

    APY
    4.00%
    Yield per year
    $400
    vs. SBP average
    +$300
    Min. balance
    $100
    Access
    Fixed term, 12 months
    Channels
    App and branches

  • Towerbank

    TowerPlus

    APY
    3.50%
    Yield per year
    $350
    vs. SBP average
    +$250
    Min. balance
    $5,000
    Access
    Instant access
    Channels
    App and branches

  • Towerbank

    TowerMax

    APY
    3.00%
    Yield per year
    $300
    vs. SBP average
    +$200
    Min. balance
    $2,500
    Access
    Instant access
    Channels
    App and branches

  • Caja de Ahorros

    Cuenta de Ahorro

    APY
    2.75%
    Yield per year
    $275
    vs. SBP average
    +$175
    Min. balance
    $1
    Access
    Instant access
    Channels
    App and branches

  • Banco General

    Ahorro Meta

    APY
    2.50%
    Yield per year
    $250
    vs. SBP average
    +$150
    Min. balance
    $500
    Access
    Fixed term, 12 months
    Channels
    App and branches

  • Banco Pichincha

    Cuenta de Ahorro

    APY
    2.00%
    Yield per year
    $200
    vs. SBP average
    +$100
    Min. balance
    No minimum
    Access
    Instant access
    Channels
    App and branches

  • Global Bank

    Cuenta Online MAX

    APY
    1.75%
    Yield per year
    $175
    vs. SBP average
    +$75
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • Banco Nacional

    Cuenta de Ahorro

    APY
    1.50%
    Yield per year
    $150
    vs. SBP average
    +$50
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • Banistmo

    Cuenta de Ahorro

    APY
    1.25%
    Yield per year
    $125
    vs. SBP average
    +$25
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • Davivienda

    Cuenta de Ahorro

    APY
    1.25%
    Yield per year
    $125
    vs. SBP average
    +$25
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • BAC Credomatic

    Cuenta de Ahorro

    APY
    1.25%
    Yield per year
    $125
    vs. SBP average
    +$25
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • Banco General

    Cuenta de Ahorro

    APY
    1.00%
    Yield per year
    $100
    vs. SBP average
    $0
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches

  • Multibank

    Cuenta de Ahorro

    APY
    1.00%
    Yield per year
    $100
    vs. SBP average
    $0
    Min. balance
    $100
    Access
    Instant access
    Channels
    App and branches
16 of 16 accounts

Verified Apr 13, 2026· source: SBP and bank websites

Banking system average: 1.00% APY (SBP, December 2025). Yield is a simple estimate without compounding or taxes.

Banking system averages (SBP)

Regular savings

1.00%APY

Fixed deposit 90 days

3.54%APY

Fixed deposit 1 year

4.88%APY

System averages published by the Superintendencia de Bancos de Panamá. Use them as a benchmark: any account below the average is costing you money.

Verified Dec 1, 2025· source: Superintendencia de Bancos de Panamá

Details per account

What each bank says about its account, with a link to the source.

Frequently asked questions about savings accounts

What does APY mean?
Annual Percentage Yield: the effective annual rate including compounding. Always compare APY with APY, not with the nominal rate.
Is there deposit insurance in Panama?
There is no state deposit guarantee fund. Protection comes from SBP supervision, each bank's liquidity and capital requirements and, in some cases, private insurance the bank itself buys. Ask the bank what is covered and up to how much.
Digital account or traditional bank?
Digital accounts (Unibank, Rayo Pago) pay the highest instant-access rates because they keep no branches. If you need a counter, cheques or frequent cash, a traditional bank with a goal account (Banistmo, Caja de Ahorros) can make up for it with its network.
What is the difference between instant access and fixed term?
With instant access you withdraw whenever you want. With a term (12 months for most) the money is locked and early withdrawal loses interest or is penalised; in exchange the rate is higher.
Can a foreigner open a savings account in Panama?
Yes, with a resident cédula or passport, a bank reference letter and proof of income; some banks accept non-residents by video call with apostilled documents (Towerbank). The notes on each account say so.

And the money you will not touch for years?

For long horizons also compare a broker with ETFs: foreign-source gains pay no ISR in Panama.

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