Factor Note (FN)

  • Interest Rate 8.5% 
  • Minimum Deposit: $25,000.00 
  • Interest Paid Semi-Annually (every 6 months) 
  • Term Deposit: One (1) year 
  • The client needs to send notice of intentions, 45 days prior to its maturity.   

I love that I can borrow up to 90% of my 8.5% Factor Note deposit at 2%.  That means that I only get 6.5% on my savings but I get all the cash freed up that I need to build my house.  Such a deal.  Abe....New Mexico 


Having 3 banks in Panama, Banistmo, Caja de Ahorros and Multibank, I can make my deposits anywhere I am.  With the new branch coming to Boquete, it will make my banking even easier, and I love those interest rates.  Bill, New York, USA