Nubank Colombia 2025: What is the return on your deposit boxes?

Since the Central Bank adjusted the monetary policy interest rate to 9.25 percent (EA), Nubank also announced a few weeks ago that the rate of return on its so-called savings accounts was also being lowered. Thus, as of May 9, they were reduced to 9.25 percent (EA).

Savings accounts are literally little digital savings accounts that live within the bank's app and are used to manage and store money, while allowing people to grow it through a fee.

When Nubank launched its savings accounts, the profitability rate was 13 percent EA, but today it has dropped to 9.25 percent.

According to Marcela Torres, General Manager of Nu Colombia, people can open a "cajita" with a balance of 10,000 pesos in their savings account.

The bank has been offering this option for its clients for a year, who received more than 376 billion pesos in returns in 2024.

"This year, with an investment of up to 21 billion euros, we're encouraging more Colombians to set clear goals and achieve them by using our boxes," Torres said.

Many financial institutions have adopted the model of pocket-sized, or small, income-generating boxes. From Nubank to Lulo Bank, the financing company Rappipay, Banco Caja Social, Davivienda, Scotiabank, AV Villas, Banco Popular, and Bancolombia.

Additionally, Nubank announced the launch of a CDT in February and in just two months positioned itself as the second largest entity, according to the Colombian Financial Superintendency, as of March 31, 2025, with more than 54.5 billion pesos in deposits in 120-day CDTs.

Likewise, last week Torres announced that the neobank's customers will be able to withdraw their funds free of charge from any ATM in the Mastercard network with which they partner.