Comparison Tool
Compare general characteristics of different savings instruments side by side.
General Characteristics Comparison
This comparison presents general characteristics of five main savings instruments available in Mexico. Individual institutions within each category may have different specific terms. Always verify details directly with the institution you're considering.
| Characteristic | Bank Savings Accounts | Cetes Directo | Formalized Tandas | Community Cooperatives | Voluntary Afores |
|---|---|---|---|---|---|
| Liquidity | Typically immediate access | Access at maturity date | Access on scheduled turn | Varies by cooperative rules | Restricted, conditions apply |
| Minimum Amount | Varies by bank and account type | Minimum investment required | Agreed by group | Membership requirements vary | Varies by Afore |
| Opening Requirements | ID, initial deposit | CURP, online registration | Group participation, trust | Membership application | Employment or voluntary registration |
| Access Method | Branch, ATM, online banking | Online platform | Direct from group | Cooperative facilities | Afore offices, online |
| Regulatory Body | CNBV | Banxico / Nacional Financiera | Varies (may be informal) | Cooperative regulations | CONSAR |
| Deposit Protection | IPAB up to limits | Government backed | Based on group trust | Depends on structure | Regulated investment |
| Time Horizon | Short to medium term | Specific maturity dates | One cycle duration | Flexible | Long term (retirement) |
How to Use This Comparison
This table presents general characteristics to help you understand how different savings instruments function. It is not a recommendation of one option over another.
Every person's financial situation is different. Factors like your income stability, savings goals, timeline, and personal circumstances all affect which option might work for you.
Use this comparison as a starting point for understanding the landscape. Then research specific institutions within the category that interests you and verify their current terms and requirements.
Important: We do not recommend one savings instrument over another. This information is educational only. Consult official sources and consider your own circumstances when making financial decisions.
Where This Information Comes From
The information in this comparison comes from official regulatory sources and general characteristics published by oversight bodies:
- Bank accounts: Information from CNBV regulations and general banking practices
- Cetes Directo: Information from Banxico and the Cetes Directo platform documentation
- Tandas: General characteristics of traditional ROSCA structures
- Cooperatives: General cooperative financial regulations and structures
- Afores: Information from CONSAR regulations and Afore system documentation
This comparison reflects general patterns. Specific institutions may have different terms, requirements, and features. Always verify current information directly with the institution you're considering.
Want More Detailed Information?
Learn more about each savings instrument and how it works.