Data as of November 9, 2026. A Scotiabank term deposit (depósito a plazo) can be opened 100% online, in pesos or US dollars, for terms of 7 to 365 days and from CLP 5,000 if you are already a customer, according to the Scotiabank Chile, official term deposit page, accessed November 9, 2026. Non-customers can invest from CLP 50,000 in pesos, and the bank opens a checking account to debit and credit the money. The deposit carries no fees and pays a rate known from day one.
What Scotiabank does not show on its public pages is the day's rate: it only appears inside the private site or the sign-up flow. As an official benchmark, in October 2026 the financial system paid an average of 4.17% a year on peso deposits of 30 to 89 days and 4.62% on those of 90 days to one year, according to the Central Bank of Chile, financial system deposit rates in pesos, accessed November 9, 2026. At that rate, CLP 1,000,000 over 30 days earns about CLP 3,475.
View the data as a table
| Minimum for customers | $5,000 |
| Maximum term | 365 days |
| System average, 30 to 89 days | 4.17% a year |
| State guarantee per bank | 200 UF |
Scotiabank term deposit: the conditions the bank publishes
The table summarizes what Scotiabank reports on its official product page. One detail stands out: the same page says in one section that non-customers can invest from CLP 5,000 and in two others, including the FAQ, that their minimum is CLP 50,000. We use the higher figure, which is the one in the bank's step-by-step guide; it is worth confirming when you sign up.
| Condition | Scotiabank customers | Non-customers |
|---|---|---|
| Minimum amount | CLP 5,000 | CLP 50,000 |
| Terms | 7 to 365 days | 7 to 365 days |
| Currency | Pesos or US dollars | Pesos |
| Types | Fixed or renewable | Fixed or renewable |
| Where to open it | Private site (Inversiones > Toma de Depósitos) or Scotia app | Non-customer section of the website |
| Cost | No fees | No fees |
| Debit and payout | Scotia checking account; the initial amount can be paid from any bank | Scotia checking account opened when investing |
| State guarantee | Up to UF 200 per bank and UF 400 across the system, per calendar year | Same |
Source: Scotiabank Chile, official term deposit page, accessed November 9, 2026. When you sign up, the certificate is held in electronic custody, with no paper. On becoming a customer, according to the bank, you get a checking account in pesos and dollars and a digital debit card at no cost.
How to open a Scotiabank term deposit step by step
If you are already a customer
- Log in to the private site with your RUT and password, or open the Scotia app.
- Go to Inversiones > Toma de Depósitos.
- Choose currency, amount and term (7 to 365 days). Before you confirm, the bank shows the rate for the period and the amount you will receive at maturity.
- Decide whether it is fixed or renewable and confirm. The money is debited from your Scotia checking account.
If you are not a customer
Scotiabank offers access for investors without a checking account from its term deposit page. The process is online, from CLP 50,000 and in pesos only, for the same terms. At the end you become a customer, with a checking account where principal and interest are credited at maturity. Have your valid ID card and an account at another bank to transfer from at hand before you start.
How much a Scotiabank term deposit earns
Since the bank does not publish its rate outside the private site, we calculated earnings with the system average rates for October 2026: 4.17% a year for under 90 days and 4.62% for 90 days to one year. It is our own calculation using simple interest on a 360-day basis, before taxes; Scotiabank's actual offer may be somewhat higher or lower.
| Amount | 7 days | 30 days | 90 days | 180 days | 365 days |
|---|---|---|---|---|---|
| CLP 1,000,000 | CLP 811 | CLP 3,475 | CLP 11,550 | CLP 23,100 | CLP 46,842 |
| CLP 3,000,000 | CLP 2,433 | CLP 10,425 | CLP 34,650 | CLP 69,300 | CLP 140,525 |
| CLP 5,000,000 | CLP 4,054 | CLP 17,375 | CLP 57,750 | CLP 115,500 | CLP 234,208 |
Source: Pauta Financiera calculation with the Central Bank of Chile, financial system deposit rates in pesos, accessed November 9, 2026. The interactive table repeats the calculation for more amounts; sort it or search for yours.
| 50,000 | 41 | 174 | 578 | 1,155 | 2,342 |
| 500,000 | 405 | 1,738 | 5,775 | 11,550 | 23,421 |
| 1,000,000 | 811 | 3,475 | 11,550 | 23,100 | 46,842 |
| 3,000,000 | 2,433 | 10,425 | 34,650 | 69,300 | 140,525 |
| 5,000,000 | 4,054 | 17,375 | 57,750 | 115,500 | 234,208 |
| 8,000,000 | 6,487 | 27,800 | 92,400 | 184,800 | 374,733 |
Deposit rates move with the Central Bank's monetary policy rate, which stands at 4.5%. Over the past twelve months the 30-to-89-day deposit ranged between 4.12% and 4.24% a year, and in October one-to-three-year deposits paid 5.38%, versus 5.26% in September.
View the data as a table
| 30 to 89 days | 90 days to 1 year | 1 to 3 years | |
|---|---|---|---|
| Jan 2023 | 11.09% | 10.95% | 9.47% |
| Feb 2023 | 11.08% | 10.99% | 9.32% |
| Mar 2023 | 11.02% | 10.95% | 9.94% |
| Apr 2023 | 10.92% | 10.84% | 9.82% |
| May 2023 | 10.85% | 10.89% | 9.80% |
| Jun 2023 | 10.74% | 10.67% | 8.72% |
| Jul 2023 | 10.40% | 9.96% | 7.72% |
| Aug 2023 | 9.43% | 8.99% | 7.70% |
| Sep 2023 | 8.90% | 8.78% | 7.94% |
| Oct 2023 | 8.64% | 8.65% | 8.30% |
| Nov 2023 | 8.27% | 8.40% | 7.88% |
| Dec 2023 | 7.89% | 7.90% | 7.40% |
| Jan 2024 | 7.41% | 7.14% | 6.67% |
| Feb 2024 | 6.57% | 6.44% | 6.10% |
| Mar 2024 | 6.40% | 6.26% | 6.14% |
| Apr 2024 | 5.89% | 6.00% | 6.21% |
| May 2024 | 5.71% | 5.95% | 6.13% |
| Jun 2024 | 5.37% | 5.67% | 5.85% |
| Jul 2024 | 5.31% | 5.53% | 5.83% |
| Aug 2024 | 5.22% | 5.48% | 5.73% |
| Sep 2024 | 5.10% | 5.33% | 5.42% |
| Oct 2024 | 4.96% | 5.12% | 5.19% |
| Nov 2024 | 4.75% | 4.98% | 5.21% |
| Dec 2024 | 4.68% | 5.00% | 5.24% |
| Jan 2025 | 4.63% | 4.91% | 5.36% |
| Feb 2025 | 4.60% | 5.03% | 5.63% |
| Mar 2025 | 4.61% | 4.93% | 5.52% |
| Apr 2025 | 4.55% | 4.85% | 5.14% |
| May 2025 | 4.53% | 4.84% | 5.10% |
| Jun 2025 | 4.54% | 4.73% | 5.02% |
| Jul 2025 | 4.51% | 4.77% | 4.99% |
| Aug 2025 | 4.34% | 4.59% | 4.79% |
| Sep 2025 | 4.29% | 4.50% | 4.83% |
| Oct 2025 | 4.32% | 4.38% | 4.92% |
| Nov 2025 | 4.24% | 4.37% | 4.85% |
| Dec 2025 | 4.21% | 4.38% | 4.82% |
| Jan 2026 | 4.21% | 4.36% | 4.79% |
| Feb 2026 | 4.16% | 4.38% | 4.85% |
| Mar 2026 | 4.21% | 4.43% | 4.89% |
| Apr 2026 | 4.19% | 4.51% | 5.12% |
| May 2026 | 4.23% | 4.56% | 5.23% |
| Jun 2026 | 4.19% | 4.55% | 5.18% |
| Jul 2026 | 4.17% | 4.47% | 5.06% |
| Aug 2026 | 4.14% | 4.58% | 5.09% |
| Sep 2026 | 4.12% | 4.53% | 5.26% |
| Oct 2026 | 4.17% | 4.62% | 5.38% |
Does your bank or credit union take term deposits? Show your rates to Pauta Financiera readers who compare before investing.
See advertising optionsFixed or renewable: what changes at maturity
In a fixed deposit you agree on principal, term and rate, and at maturity Scotiabank credits principal plus interest to the account the funds came from. In a renewable deposit, principal plus interest are automatically reinvested for the same term at that day's rate, which may be higher or lower than the original. According to the bank, a renewable deposit can be cashed out within 3 days after maturity; after that it is locked in for another period.
The money is locked up until maturity in both cases, so the term should match the date you will need it. Across the system, most people choose short terms: in October 2026 peso deposits worth CLP 19.2 trillion were opened at 30-89 days, versus CLP 3.1 trillion at 90 days-one year and CLP 1.8 trillion at one-three years (individuals and companies).
State guarantee: what it covers if the bank fails
Chile's General Banking Law guarantees individuals 100% of their term deposits at one bank up to UF 200 per calendar year (about CLP 8,259,092 at the UF of CLP 41,295 on November 9, 2026) and up to UF 400 across the whole system (about CLP 16,518,184), according to the CMF, state deposit guarantee. Companies do not have this guarantee for their term deposits. Anyone investing more than UF 200 can split the money among several banks.
Who it suits and how to compare it
- Existing Scotiabank customers with spare cash in their checking account: they can invest from CLP 5,000 in a few minutes, at no cost.
- People saving for a known date, such as a home down payment or a vehicle permit: the fixed term locks in the rate until that day.
- Non-customers: opening the deposit means opening a checking account; check its maintenance fee first.
Before deciding, simulate the same amount and term at two or three banks and compare it with the system average. In our guide to term deposits: how much they earn and which bank pays most we explain that method step by step.
If you may need the money at any time, a deposit is not the best tool: a savings account or a money market fund let you withdraw without waiting for maturity. We compare them in savings accounts: types, rates and which one suits you.
And for larger amounts or longer terms, in where to invest one million pesos in Chile we compare deposits with mutual funds, APV and other options, with their risk.
Frequently asked questions about the Scotiabank term deposit
What is the minimum for a Scotiabank term deposit?
CLP 5,000 for customers investing through the private site or app, and CLP 50,000 for non-customers, according to the bank's official page as of November 9, 2026.
What rate does Scotiabank's term deposit pay today?
The bank does not publish it on its open pages: it appears in the private site or the sign-up flow. As a benchmark, the system average in October 2026 was 4.17% a year at 30-89 days and 4.62% at 90 days-one year (Central Bank).
Can I withdraw the money before maturity?
No. A fixed deposit is paid at maturity into the source account, and a renewable one can be cashed out within the 3 days after each maturity date, according to Scotiabank.
Do I need a Scotiabank checking account?
Yes: the debit and payout go through a Scotia checking account. If you are not a customer, the bank opens one in the same online process; the initial amount can be transferred from any bank.
Can it be done in US dollars?
Yes, for customers, through the private site and with the same 7-to-365-day terms. Non-customers can only invest in pesos.
Is it guaranteed by the state?
For individuals, up to UF 200 per bank and UF 400 across the system per calendar year, according to the CMF: about CLP 8,259,092 and CLP 16,518,184 at the UF of November 9, 2026.
This information is journalistic and educational, not financial advice. Check the conditions and the total cost (CAE) with the institution before signing up.
