MultiMoney review

The account pays 3.5% to 5.5% and the rate type is variable, so the figure is not held for the whole term. Interest is credited monthly, and there is no minimum deposit because the account opens at CRC 0. In kind it is an easy access account, which suits money that may be needed without notice.

Savings can be withdrawn around the clock with no minimum amount and no minimum term, so the balance is never locked away. The account is easy access in kind rather than a fixed deposit, and interest is credited monthly on top. You are not limited to business hours or to withdrawal windows.

On the savings side there is no minimum deposit, so the account opens at CRC 0 and pays 3.5% to 5.5%. On the borrowing side the cost is an APR of 15% to 18% on a personal loan or a credit line, and free early repayment means settling early carries nothing extra.

Applicants need to be a Costa Rican citizen past a minimum age, with monthly income above a stated floor and a waiting period of job stability behind them. Independent applicants also need a credit card with a history of its own. The lender is Financiera MultiMoney S.A., working as direct lender.

Money is deposited into your own account within minutes, and the whole process is digital from start to finish. The lending covers personal and credit line with a term of 60 months, and a credit line sits alongside the lump sum if you want borrowing that flexes month to month.

The legal entity behind both the account and the loans is Financiera MultiMoney S.A., based in Costa Rica, and the country's financial services supervisor is SUGEF, the Superintendencia de los Servicios Financieros de Costa Rica. Because the same company runs both products, the savings side and the lending side sit under that supervisor together.

Support runs on phone, help centre and chat, which covers phone, chat, a help centre and a community, and it is handled remotely rather than in a branch. The savings account stays easy access throughout, so a support conversation does not stand between you and a withdrawal when you need the money.

The MultiMoney savings band of 3.5% to 5.5% sits above bunq at 3.01% and above Wise at 3.29%. Finteres covers a much wider 0% to 36% range, so the upper end of that range is worth checking if a higher rate matters more to you than round the clock withdrawals.