- Nominal annual rate
- The annual rate the bank states, without the effect of compounding the interest. It is the rate the comparison uses to rank term deposits and savings accounts, because every bank publishes it.
- Effective annual rate
- The rate that results from compounding the interest over a year. With monthly compounding, a nominal rate of 6.00% is an effective rate of 6.17%. For loans it is the rate compared with the legal maximum rate. When a bank publishes both, we show both.
- Compounding
- Adding the interest earned to the capital so that, from then on, it earns interest too. The more often it happens, the further the effective rate moves from the nominal one.
- Term deposit
- Money left with a bank for an agreed number of days in exchange for a fixed rate. Banks publish their rate by term and by amount tier.
- Term
- The number of days a deposit lasts or, for loans, the number of months to repay it. In the tables, a range such as “91–120” covers 91 to 120 days.
- Amount or balance tier
- The range of money a rate applies to, for example $1,000 to $4,999. For savings accounts we show the rate of the tier that matches your balance, applied to the whole balance; check the bank’s conditions for how it applies it.
- Interest at maturity
- The interest is paid in one sum at the end of the term. It is the option the comparison uses: this month 18 banks publish it, out of the 18 with term-deposit data.
- Periodic interest
- The interest is paid in parts during the term, for example every month. This month 2 banks publish it, with lower rates than at maturity for the same term and amount. It is shown separately on each bank’s page.
- Channel
- Where the product is taken out. Online: online banking or app. Branch: at an office. General: the bank publishes a single table without separating the channel.
- Legal maximum rate
- The limit on the effective annual rate that may be charged in each loan segment. Banks print it in their fee schedules; TasaJusta takes it from there and publishes it only if at least two other banks show the same value. Source document this month: formatos prd tasas del 02 al 31 octubre2026 ↗.
- Loan segment
- The regulatory category each loan is classified in, with its own maximum rate. The segments with data this month are: social and public-interest housing, retail microcredit, simple-accumulation microcredit, extended-accumulation microcredit, real estate (housing), consumer and microcredit: public-bank programmes. The amounts and conditions of each segment are set by regulation; check the details with your bank.
- Fee schedule (tarifario)
- The document in which each bank publishes its rates and the prices of its services, under the transparency rules of the Superintendencia de Bancos, Ecuador’s banking regulator. It is the source of every figure on the site, and each table links to its own.
- Service fee
- What the bank charges for a one-off service, such as issuing, renewing or replacing a card. We show the final value including VAT, as the bank publishes it. You can compare it with what you were charged in Check a fee.
- Annual card charge
- What some credit cards charge each year for a rewards plan or for benefits abroad. It changes with the card or the customer segment.
- Cash advance
- Cash withdrawn with a credit card, at an ATM, a branch or online. On top of the interest, banks charge a fee for each advance that depends on its amount; see the tables in Services and fees.
- Instalment purchase and weighting factor
- Paying for a credit card purchase in monthly instalments, with interest. The weighting factor several banks publish is the total interest as a percentage of the amount: with a factor of 8.76%, paying $1,000 over 12 months adds $87.60 of interest. Compare the factors in Services and fees.
- Late-payment interest
- Extra interest charged on an overdue instalment until it is paid. Some banks publish their rate by days late; it appears on the page of each bank that publishes it.
- Deposit insurance (COSEDE)
- Cover that COSEDE, Ecuador’s deposit insurance agency, provides on deposits in financial institutions. At banks it covers up to USD 32,000 per depositor at each bank. Check the current amount at cosede.gob.ec ↗.
- Risk rating
- An authorised rating agency’s opinion on a bank’s soundness, which the Superintendencia de Bancos publishes every quarter. We show it as it appears in that publication, with the agency and the quarter; TasaJusta does not interpret it or rate banks. Each agency explains its scale in its own documents.
- Non-performing loan ratio
- The share of a bank’s loan book that is overdue and no longer earning interest, as the Superintendencia de Bancos calculates it in its monthly bulletin (“morosidad de la cartera total”). A higher figure means more borrowers behind on their payments.
- Liquidity
- How much of its short-term deposits a bank could pay back with the funds it has available right away (cash and deposits at the central bank and other banks). We show the Superintendencia’s indicator “fondos disponibles / total depósitos a corto plazo”.
- A bank’s investments
- The securities a bank holds with part of its money, such as government bonds or other companies’ debt. The Superintendencia groups them by accounting category (at fair value, available for sale, held to maturity, restricted) and by issuer: the private sector, or the State and the public sector. The bulletin does not say which securities they are.
- Median
- The middle value when the rates are sorted from lowest to highest: half the banks publish a rate equal or higher, and the other half equal or lower. Unlike the average, a single very high or very low rate does not move it.