Monday, June 23, 2008

Costa Rican bank offers account in euros

By Leslie Friday
Tico Times Staff

Banco Nacional (National Bank) 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.

The new 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 Fernandez, 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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