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Not sure about FD accounts since I haven't noticed any here.  However, for CDs the best rates are with the cooperatives (CPN was around 10% for a 2yr+ CD last I checked and JEP was around 8% for 1yr+ for max insured amount of $32k).  If anyone offers FD accounts here, I would assume the best rates would also be with the cooperativas.

What do cooperativas required in terms of identification for procuring 2 yr CDS please? I guess JEP requirements would be useful too. Honestly the big question is: to take advantage of these great CD rates do I need to live in Ecuador? I am looking at living in Ecuador until I get a permanent visa, but I still do know for sure that's the best move. Thank you in advance.

What do cooperativas required in terms of identification for procuring 2 yr CDS please? I guess JEP requirements would be useful too. Honestly the big question is: to take advantage of these great CD rates do I need to live in Ecuador? I am looking at living in Ecuador until I get a permanent visa, but I still do know for sure that's the best move. Thank you in advance. - @jack8187

Usually you can open an account with a passport, though it may require going through the main office (e.g. emailing or messaging someone in the head office and then having that person introduce you/send you to someone in the local office).  Depending on the size of your local office, it's likely they've never had to do it before and, unless someone else is telling them it can be done and how to do it, it seems the default is usually to say 'no' to anyone without a cedula (local ID) and save themselves the hassle.  Also, fair warning, not sure why but rates have dropped drastically since a couple years ago... CPN for me is down to 8.1 from 9.75%.

Thank you heartily m'man... Those rates are still  better than the rest of my options.

While I don't have Term Deposits, I found the best

way to move money was XE. It's based in London and

available in most Countires. It is Free to your Ecuador

Bank. Mine comes from Canada.