Banco FIE Credito en linea review

The Mega Rendidora account pays a headline rate of 5%. The rate is variable rather than fixed, so the return can move, and the account is the easy access kind, which keeps the money reachable instead of locked for a term.

There is no monthly charge. The account runs on a no-monthly-fee model with a monthly fee of BOB 0, so nothing is deducted each month for holding the balance. The costs that do apply are the minimum deposit of BOB 5,000 and the withdrawal rules.

The minimum deposit is BOB 5,000. That is a firm hurdle next to the savings ranking median of €0.17, and anyone starting with a smaller sum would be better served by an account with a lower entry threshold.

The access terms allow any-time access by mobile or internet banking, so withdrawals do not require a branch visit. A set number of withdrawals a month are made at the full rate, and taking more than that reduces the rate the balance earns.

The savings account is held with Banco FIE S.A., a bank based in Bolivia. The regulator named for it is ASFI (Autoridad de Supervision del Sistema Financiero, Bolivia), the authority that supervises the financial system the bank operates in.

Support is offered through phone and help centre, so phone and a help centre are the listed routes. Complaints can be raised through phone and in branch complaint point (Punto de Reclamo), which pairs the phone with an in-branch complaint point for matters that need to be handled in person.

Yes. Alongside savings, Banco FIE S.A. offers life and health insurance through its own product range, and monthly payments are available on its microcredit product, so savings and cover can sit with the same bank.

A headline rate of 5% puts the account at position 93 of 488 brands listed, against a site median of 3%. Alternatives such as bunq at 3.01% and Wise at 3.29% sit lower on the same measure.