Banco Central

[djonesromero]

Originally Posted by mbramstedt

can the interest be deposited in a checking or a saving account. My checking is with banco popular

[SIZE="2"]this rate is locked in for two years.

[djonesromero]

Originally Posted by zephyr1957

Oops! my mistake > it s 20% for 2 years 1/2

IN JANUARY OF 2006, MY CERTIFICATE PAID 23% LOCKED FOR TWO YEARS

[M.A.R.]

Originally Posted by gary short

You would'nt be opening an account at the Banco Central you'd be purchasing a certificate, from the BC with cash in pesos (not recommended)
or with a certified cheque from your newly opened DR bank account. New account because the BC has to have your DR account number in order to deposit your interest. Every thing is in pesos.
I didn't have a problem opening an account with a passport only.
So after you open an account take a small stack of US bills and turn them into two wheelbarrels full of pesos and deposit in your account. Get a certified cheque made out to the bc. Then go to the bc and stand in line at 7:00am (go to the bathroom before lining up. Don't eat two bran muffins and don't drink three expressos after a night of heavy drinking before lining up).
Remember to take your hat off when the flag is being raised. Dear God please please hurry.
About 8:30ish prepare for the ensuing scrum when they give out numbers. Hey old lady get the hell out of the way I was here first you too old jerk with a cane.
9:00ish you're inside.Stupid old lady I'm ahead of you ha ha. Holy Jesus where's the can? They called my number, they called my number. Mother Mary I'm hyperventilating.



Boy that wasn't bad...............you should be out by 3ish.



I hope that was helpfull. Good luck.

Wow, are you serious!!!???????? and of course the bank is in Sto Dgo, is there some sort of branch in Santiago??? probably not.
Geez so only pesos???? and all that waiting is it worth, no problems after buying the certificate???? I have til the summer to think about it. I don't stay in Sto Dgo when I go there so I probably have to sleep over to get up really early.

thank you so much for the info.

BTW do regular banks offer good rates??? and which ones are to be trusted that they won't run away with my money?

[mikeyone]

Banco Central, Santiago... there at 4.30am... 6th in line.. Organize a list pronto on arrival..Zoo after that, but an organized one..mind you that was at 24%.mabe its cooled down since then..M.

[M.A.R.]

Originally Posted by mikeyone

Banco Central, Santiago... there at 4.30am... 6th in line.. Organize a list pronto on arrival..Zoo after that, but an organized one..mind you that was at 24%.mabe its cooled down since then..M.

oh wonderful, I'm feeling lucky, I think I'll try that, thanks a million

[gary short]

Originally Posted by M.A.R.

oh wonderful, I'm feeling lucky, I think I'll try that, thanks a million

Santiago is a great place ....make a trip out of it. Just make sure you're organized. Your DR banker will give you the best info regarding term deposits. You may want to look at the past two year history regarding the value of the peso against the greenback and your return on CDs at the BC.

[chola1978]

WHat are the best tems for cd's for a first timer? I am only 28 and dont have much yet to start saving

[gary short]

Originally Posted by chola1978

WHat are the best tems for cd's for a first timer? I am only 28 and dont have much yet to start saving

Interest rates fluctuate as does the value of the peso against the US buck. Be careful with your hard earned money. If you can't afford to lose it..................

[mikeo1313]

Originally Posted by flinstone461

to whom it may concern:

I'm from the Philippines and our church here in Manila is really looking for groups or foundations who cansupport us in our vision of buying a lot 600+ sq meters. and raising a 4-story building on this lot. We have no money as of this moment. Can you help us in this endeavour? So many people will benefit
if this vision will materialize.

God bless you


wilma 507 f dalupan st. sampaloc, manila, Philippines

Air shipment of cash is on a tentative schedule on your way brother!!!

amen

[zak023]

::

Originally Posted by mikeo1313

Air shipment of cash is on a tentative schedule on your way brother!!!

amen

Diddo