Costa Rica bank offers account in euros

June 20, 2008

Banco Nacional launched a new product that caters to the euro-toting crowd, combining the functions of a savings account with that of an interest-bearing investment tool.

Dubbed Inversión a la vista en euros, the product will join similar ones the state-run bank already provides in dollars and colones.

“The objective is to offer interested clients a greater diversification in currency for their investments and an additional alternative for the management of their funds,” according to Violeta Fernández, Banco Nacional’s corporate relations director.

Those interested would have to maintain a €2,000 limit. All withdrawals must be for at least €500. Interest rates range from 1.15 to 1.40 percent.

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