Venezuela Interest Rates

The Venezuelan economy, with a population of 28.9M ( 2011 Census.), ranks 33rd in the world with a GDP PPP of $407.9 billion and GDP PPP per capita of $13,605 vs. $53,101 (United States) according to the IMF in 2013. Its national currency is the Bolívar fuerte (VEF) that is issued by the Banco Central de Venezuela ( National banks within the country offer standard bank account products including individual transaction and savings products such as 'Cuenta Corriente Clásica' (Current Account) and 'Cuenta de Ahorros' (Savings Account). According to the webiste, its inflation was estimated to be 56.2% in 2013 and 21.1% in 2012.

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Venezuela Banks

Showing rates for 7 Bank deposit providers in Venezuela.
Banco ProvincialBanco Provincial3001953Foreign
Banco Nacional de CreditoBanco Nacional De Credito1592002Local
Banco Industrial De VenezuelaBanco Industrial De Venezuela1301937Local
Banco Venezolano de CreditoBanco Venezolano De Credito941925Local
Citibank VenezuelaCitibank Venezuela61917Foreign

Venezuela Discussion Activity

  • Savings
    Q: To whom this may concernI live in Australia and would like to apply for this saving account.Will this be possible?Regards

    John from Eastwood, Australia
  • Banesco - Savings - Banesco Savings Account
    Q: Hello, I am a Canadian citizen living Canada. Is it possible for me to open an online savings account at Banesco Bank in Venezuela and earn 16% interest?

    Paul Arnold from London, Canada