WILLEMSTAD - Maduro & Curiel's Bank (MCB) will raise interest rates on savings accounts as of May 1. This concerns both personal and commercial savings accounts. The bank reports this in a press release.
Customers from Curaçao, Sint Maarten, and the BES islands who have a savings account with MCB will notice some of the interest rates rises. The reason for the increase is the interest rates set by the Central Banks of Europe and America. The banks did this in connection with inflation that has risen worldwide.
The accounts for which the interest rates are increased are the MCB personal account in Antillean guilders, the MCB company savings accounts in Antillean guilders, and the annual interest on MCB savings accounts in dollars. The interest rates on Time Deposits and LITO savings accounts will not change.