Panama banks pay competitive interest rates.  Currently Panamanian banks are offering between 4% to 7% depending on the term you are willing to lock your money away for.  To get any meaningful amount of interest in a Panama bank you need to lock your money in between 3 and 12 months.  Obviously the longer you lock your money in, the higher the interest rate the bank will offer you.

What kind of bank is willing to pay 7% ?

We can get you this rate at a bank twice the size of HSBC (and with much better customer service) with over 40 billion in assets.  To learn more about earning high interest rates at this bank click here . 

What if I need my money back?

If there is an emergency and you need your money most banks will return the money with a fee equal to the amount of interest paid to you.