Is Cooperativa Cooprogreso insured?

Yes. Deposits at Cooperativa Cooprogreso are covered by COSEDE, Ecuador's deposit insurance agency, up to $32,000 per depositor. Amounts above that at a single institution are not guaranteed.

Is CD interest taxed in Ecuador?

Interest on deposits held 180 days or more is exempt from income tax. Deposits held under 180 days have a small withholding that is a creditable advance.

How do I open a CD at Cooperativa Cooprogreso?

You open it directly with Cooperativa Cooprogreso. The rates here are a starting point; institutions often pay more on inquiry, especially for larger deposits, so name your amount and ask.

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Ecuador Term Deposit · Updated July 2026

Cooperativa Cooprogreso

Cooperative COSEDE $32,000 B (Class International Rating)

Here is what Cooperativa Cooprogreso is advertising on its term deposits right now, paired with its rating and insurance, because the highest rate and the safest home for your money are not always the same place. Rates move, so treat this as a starting point and confirm the figure with the institution before you commit.

Current rates

4.25%

1 month

4.50%

3 months

5.90%

6 months

6.25%

12 months

Want to see what a deposit here would grow to after tax? Use the CD Returns Calculator on the main page, or weigh it against buying property with the CD vs Cuenca Property tool.

Is your money safe here?

Deposit insurance

$32,000 COSEDE, per depositor

That is the insured ceiling at one institution. If you are placing more than that, splitting across institutions keeps the whole balance covered.

Independent rating

B Class International Rating · as of 2025-12-31

On Ecuador's local AAA to E scale. Strong grades (AAA, AA, A) sit at the top; BBB is adequate; BB and below are weaker. A different scale from the global Fitch or S&P one. Class International cut Cooprogreso to B through 2025 as delinquency rose to about 8.5 percent. Global Ratings older (Dec 2024) view was A. The agencies diverge; we show the more recent, more conservative grade.

Advertised vs actually paid

Cooperativa Cooprogreso advertises up to 6.25% on its longer terms. The Central Bank's record of what it actually paid, on average, on comparable deposits in 2026-06 was 7.83%. A gap is normal (the advertised figure is the headline offer, the Central Bank figure is a volume-weighted average across all deposit sizes), but it is worth seeing both rather than the marketing number alone.

Sources

Good to know before you deposit

Is Cooperativa Cooprogreso insured?: Yes. Deposits at Cooperativa Cooprogreso are covered by COSEDE, Ecuador's deposit insurance agency, up to $32,000 per depositor. Amounts above that at a single institution are not guaranteed.
What is Cooperativa Cooprogreso's safety rating?: Cooperativa Cooprogreso carries a B rating from Class International Rating, as of 2025-12-31, on Ecuador's local AAA to E scale (a different scale from the global Fitch or S&P one).
Is CD interest taxed in Ecuador?: Interest on deposits held 180 days or more is exempt from income tax. Deposits held under 180 days have a small withholding that is a creditable advance.
How do I open a CD at Cooperativa Cooprogreso?: You open it directly with Cooperativa Cooprogreso. The rates here are a starting point; institutions often pay more on inquiry, especially for larger deposits, so name your amount and ask.

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