Banks have raised the interest rates they pay to regain more investors. They offer up to 7% for term deposits, even sales executives say that customers can bargain between 0.25 and 0.50%, if the capital is raised.
Not only that. Gifts are delivered to customers and raffles are made. Small and large banks do this. For example, Delbank, among the firsts, gives away rice cookers, blenders or irons: everything depends on the term and the amount of investments; while the largest of the banking industry, Banco Pichincha, rewards customers with tablets, LANPASS kilometers (miles of air travel) and even induction cookers, specially to customers who are investing time deposits. Banco Pichincha will raffle 120 motorcycles and 15 cars among depositors that increase their savings at $ 30.
But rates are the financial hook. The Machala Bank, among medium banks, offers up to 7% of interest rate that can be negotiated, if the client has an investment above $ 80,000. For investments from 30,000 to $ 50,000, banks pay up to 6.75%.