BAI Cabo Verde review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
BAI Cabo Verde suits savers in Cabo Verde who can deposit CVE 1,000 and want a fixed return. Its term deposit pays 1.55%, although early withdrawal means losing accrued interest and the rate sits below the comparison median of 6%.
Key facts
- Best for
- Fixed-rate savers who can keep the deposit for 12.
- Headline rate
- 1.55%↗
- Rate type
- Fixed↗
- Term
- 12 months↗
- Minimum deposit
- CVE 1,000↗
- Access terms
- 365-day term deposit; early withdrawal possible at any time with loss of accrued interest; automatic renewal for 1 year↗
- Account kind
- Fixed↗
- Legal entity
- Banco BAI Cabo Verde, S.A.↗
- Headquarters
- Cabo Verde↗
- Founded
- 2008↗
- Support channels
- Phone, Chat, Help-centre↗
- Pricing model
- Fixed rate
- Official website
- bancobai.cv
Loans
Apps and profiles
- Elsewhere
- LinkedInyoutube.com
Pros and cons
Pros
- The term deposit pays a fixed headline rate of 1.55%.
- The minimum deposit is CVE 1,000.
- The fixed term is 12, and the account renews automatically.
- Support is available by phone, chat and through a help centre through phone, chat and help centre.
Cons
- Early withdrawal is possible at any time, but accrued interest is lost.
- The headline rate of 1.55% is below the term-deposit median of 6%.
- The term-deposit comparison rate ranges from 3% to 12.2%, showing a weaker return than many peers.
Who it suits
- Savers in Cabo Verde who want a fixed return and can deposit CVE 1,000.
- People who can leave the money tied up for 12 and accept the renewal terms.
- Customers who want support through phone, chat and help centre.
Who should look elsewhere
- Wise offers a higher headline rate of 3.29%.
- bunq offers a higher headline rate of 3.01%.
- Finteres may suit savers prioritising access, as early withdrawal is described in its headline-rate range of 0% to 36%.
How BAI Cabo Verde compares
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Where BAI Cabo Verde is available
- Available
- Cabo Verde
- Licence in Cabo Verde
- Banco de Cabo Verde, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does the BAI Cabo Verde term deposit pay?+
The fixed-rate term deposit pays a headline rate of 1.55%. This is below the term-deposit comparison median of 6%, so the return is relatively modest.
How much must I deposit?+
The minimum deposit is CVE 1,000. The account is a fixed-rate deposit, so you should compare the headline rate of 1.55% with the term and access terms before funding it.
How long is the money committed?+
The stated term is 12. The deposit renews automatically, so the renewal point matters if you do not want the funds to remain committed under the same arrangement.
Can I withdraw before the term ends?+
Yes, early withdrawal is possible at any time, but the bank deducts accrued interest. That trade-off makes the 1.55% fixed rate unsuitable if you expect to need immediate access.
Who regulates BAI Cabo Verde?+
BAI Cabo Verde is regulated in Cabo Verde by the Banco de Cabo Verde. The bank's legal entity is Banco BAI Cabo Verde, S.A., and its headquarters are in Cabo Verde.
How can customers contact the bank?+
Customer support is available through phone, chat and help centre. These channels cover phone, chat and a help centre, giving customers several options for questions about the deposit or early withdrawal.
Sources
- bancobai.cv checked September 26, 2026
Backs: Audience, Licences
“Companies: treasury, credit and services solutions for your business”
- bancobai.cv/Contactos checked September 26, 2026
Backs: Support channels
“Telefone +238 260 23 00; IABAI - Assistente virtual BAICV; Perguntas Frequentes”
- bancobai.cv/Informacao/faq checked September 26, 2026
Backs: Features
“It is a virtual card for purchases on the internet: load only the value you need; Can I have a foreign currency account or deposit? Yes, for certain purposes”
- bancobai.cv/Institucional/bai-cabo-verde checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Lender type
“Banco BAI Cabo Verde, S.A. - BAICV - Bancario - Cabo Verde”
- bancobai.cv/Produtos checked September 26, 2026
Backs: Loan types
“Credito Habitacao; Credito Automovel; Credito Pessoal; Credito a Pequenos Negocios; Credito Ordenado; Credito Salario+”
- bancobai.cv/Produtos/cartao-vinti4 checked September 26, 2026
Backs: Card type, Card network
“Cartao Vinti4: debit card for payments and withdrawals on the vinti4 network”
- bancobai.cv/Produtos/credito-habitacao checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Maximum loan to value, Purpose
“Credito Habitacao Taxa Fixa TAN: 9,00% | TAEG: 9,87%”
- bancobai.cv/Produtos/credito-pessoal checked September 26, 2026
Backs: Loan amount, APR, Credit check, Representative example
- bancobai.cv/Produtos/poupa-1000 checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type, Term
“Poupa 1000 - TANB 1,55% a.a - Prazo: 365 dias”
- bancobai.cv/Produtos/visa-gold checked September 26, 2026
Backs: Card kind, Rewards type
“Cartao de Credito VISA Gold - no rewards stated”
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.