How to Invest in Ecuadorian Certificates of Deposits (CDs)

The insurance amount varies by institution. JEP and Jardín Azuayo, the two largest credit unions, provide the maximum deposit insurance of $32,000 per person, per institution. You can check the deposit insurance amount for each institution on this webpage: Conoce tu monto de Cobertura - COSEDE.

COSEDE steps in when a bank or credit union fails, liquidates the institution’s assets, and reimburses investors up to the insured limit. Reimbursements are prioritized based on deposit types and available funds.

To mitigate risk, it’s advisable to diversify your investments and not place all your money into Ecuadorian CDs. Many expats also invest in U.S. mutual funds, bonds, or real estate.