Best Fixed-Term Deposits in Peru 2026 2026

Peru offers competitive fixed-term deposit products at both banks and municipal and rural savings institutions (cajas). Municipal cajas tend to offer the highest market rates — Caja Arequipa reaches 5% TEA — while major banks like Interbank and BBVA offer better digital accessibility with somewhat lower rates. Deposits are protected by the Fondo de Seguro de Depósitos (FSD) up to S/ 116,700 per person per institution. APYData compares all options available in Peruvian soles.

Products compared

6.50%

Best APY available

5.25%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	Banco Falabella Peru	Cuenta de Ahorro Falabella Peru	6.50%	8.1	Low	—	View →
2	Caja Arequipa	Deposito Plazo Fijo Arequipa	5.00%	7.6	Low	—	View →
3	Interbank	Deposito Plazo Fijo Interbank Peru	4.25%	7.4	Low	—	View →

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Frequently asked questions

What is the difference between a bank and a caja in Peru?

Municipal and rural cajas are SBS-supervised financial institutions focused on microfinance and SMEs. They tend to offer higher deposit rates than commercial banks. FSD protection applies equally: up to S/ 116,700 per depositor per institution.

Are deposits at Peruvian cajas safe?

Yes. Municipal cajas are regulated and supervised by the SBS (Superintendencia de Banca y Seguros) and their deposits are covered by the FSD up to S/ 116,700 per depositor per institution. The amount is updated quarterly.

What is the best option for deposits in Peru?

Caja Arequipa offers the best rate among regulated institutions (5% TEA). Banco Falabella reaches 6.5% TREA but requires salary domiciliation. Interbank is the best digital option in traditional banking at 4.25% TEA. If you prioritise rate, go with cajas; if you prioritise digital convenience, choose Interbank.