Lulo Bank announced the launch of a digital CDT offering a 13% rate starting June 9. The product will be available on its platform for amounts starting at 100,000 pesos.
Lulo Bank presented a new digital CDT that will be available starting Tuesday, June 9. The product will be offered 100% digitally through its platform and will maintain a 13% rate during the first six days for terms of up to 180 days. Ignacio Giraldo, CEO of the entity, noted that the CDT seeks to provide reliability to savers through a rate agreed upon from the start. Diana Suárez, product owner, explained that the product will help structure medium- and long-term goals. The entity expects to attract around 20 billion pesos and add more than 3,000 monthly clients. Giraldo added that the goal is to advance financial inclusion beyond digital wallets.
