How to Invest in Ecuadorian Certificates of Deposits (CDs)

Early Withdrawals

Early withdrawals are generally not allowed unless there’s a medical emergency. Expect penalties if they are allowed.

Rollovers

Some institutions, like JEP, automatically roll over your CD when it matures. Always check the rollover policy before investing.

Beneficiaries and Co-Owners

Many institutions allow you to list beneficiaries or co-owners on your CD. This can help avoid legal complications in the event of death.

Capital Outflow Tax

Ecuador imposes a 5% capital outflow tax on money taken out of the country. Keep this in mind if you plan to withdraw your investment from Ecuador in the future.