The Certificate of Deposit is one of the safest and more common investments in the world.
Although the name of the investment and the rates changes from country to country, the concept is the same: You deposit your money for a fixed period of time in exchange for a known interest.
Argentina CD Rates
In Argentina, they are called Plazos Fijos, and is one the most common investments.
The “Peso” is the local currency in Argentina, so they offer deposits both in pesos and US dollars.
Rates in Pesos can go from 100%-120%.
Chile CD Rates
On Chile, the interest for a certificate of deposit it’s aproximately 3%.
Uruguay CD Rates
The certificates of deposit in Uruguay pay around 5% for 30 days in their local currency.
And for deposits in dollars, between 0,10% and 0,70%, depending the term and amount.