Compound Interest Calculator Bogotá

Compound Interest Calculator for Bogotá

Savings accounts and deposits in Bogotá are priced off the Central Bank of Colombia policy rate, which stood at 12% at the end of September 2026. National consumer price inflation was 6.29% in September 2026, so a saver earning exactly the policy rate would have a real return of 5.37% a year before tax.

Facts that change the answer

• Central Bank of Colombia policy rate: 12% (September 2026, BIS series)
• Annual CPI inflation: 6.29% (September 2026)
• Real return at the policy rate: 5.37% per year (computed as (1 + 12%) / (1 + 6.29%) minus 1)
• Policy rate at each December: 2016 7.5%, 2017 4.75%, 2018 4.25%, 2019 4.25%, 2020 1.75%, 2021 3%, 2022 12%, 2023 13%, 2024 9.5%, 2025 9.25%
• Policy rate moves since January 2020 (month-end data): March 2020 4.25% to 3.75%; May 2020 3.75% to 3.25%; June 2020 3.25% to 2.75%; July 2020 2.75% to 2.5%; August 2020 2.5% to 2.25%; September 2020 2.25% to 1.75%; October 2021 1.75% to 2%; November 2021 2% to 2.5%; December 2021 2.5% to 3%; January 2022 3% to 4%; April 2022 4% to 5%; May 2022 5% to 6%; July 2022 6% to 7.5%; August 2022 7.5% to 9%; September 2022 9% to 10%; October 2022 10% to 11%; December 2022 11% to 12%; January 2023 12% to 12.75%; March 2023 12.75% to 13%; May 2023 13% to 13.25%; December 2023 13.25% to 13%; February 2024 13% to 12.75%; March 2024 12.75% to 12.25%; May 2024 12.25% to 11.75%; July 2024 11.75% to 11.25%; August 2024 11.25% to 10.75%; October 2024 10.75% to 10.25%; November 2024 10.25% to 9.75%; December 2024 9.75% to 9.5%; May 2025 9.5% to 9.25%; February 2026 9.25% to 10.25%; April 2026 10.25% to 11.25%; July 2026 11.25% to 12%
• In 7 of the last 10 years the December policy rate was above that year's average inflation

Worked example for Bogotá

Start with COP 30,000,000, add COP 300,000 a month and use 12% compounded monthly. After 10 years you would have COP 168,023,214 from COP 66,000,000 of deposits; after 20 years COP 623,553,219 from COP 102,000,000. These amounts in Colombian peso are only examples; real deposit rates offered by banks in Bogotá are usually below or above the policy rate depending on the term and the bank.

To see what that balance is worth in today's money, take inflation into account: at 6.29% a year, COP 168,023,214 in ten years has the buying power of about COP 91,296,344 now. Recent history for Bogotá's currency: 2020: 1.75% rate vs 2.5% inflation, 2021: 3% rate vs 3.5% inflation, 2022: 12% rate vs 10.2% inflation, 2023: 13% rate vs 11.7% inflation, 2024: 9.5% rate vs 6.6% inflation, 2025: 9.25% rate vs 5.1% inflation.

If you hold the money in a fixed deposit, the rate you lock in matters more than the compounding frequency. On COP 30,000,000 over 10 years at 12%, switching from yearly to monthly compounding adds only COP 5,836,161, while a rate 1 point higher adds COP 10,300,391.

Sources: BIS central bank policy rates · BIS consumer price statistics. Checked 5 November 2026. For how the maths works, see the Compound Interest Calculator guide.