At the beginning of the week the Central Bank announced a reduction in the monetary policy rate, from 100% to 80%, and eliminated the minimum than the banks they had to pay for freezing deposits fixed term. With this measure, the banks have drastically lowered their yields which until a few days ago were 110%, i.e 9.10% per month. As soon as the measure became known, banking institutions sharply lowered the rate and put the TNA in the mix 80 to 70%, that isbetween 6.5 and 6%. Coming to the end of the week, however, the majority changed the percentage: they left it at 70%. Only one entity maintains its TNA at 75%.
The entity that offers a nominal rate of 75% is macro; he already gives the rest 70%.
The Ualá virtual wallet, which offers the ability to set fixed terms via Ulilo, is the best performing, with a rate of 77%, or 6.41% interest for freezing a deposit for 30 days.
Fixed term: bank by bank, what is the TNA and the interest you pay per month
- Ualawith a TNA of 77%pay for one-month internships: 6.41%
- Macros: pays a nominal annual installment of 75%, i.e. for a 30 day deposit offers a interest of 6.25%.
- ICBC, Galicia, Province, BBVA, Banco Ciudad, Santander, Credicoop, Comafi AND HSBCTNA 70%: Pays 5.83% for a one-month placement.
Ualá is right: the fixed term is established through Uilo – financial entity with banking license – from $300,000the interest it gives will be $19,230 per month.
So, to form a fixed term in institutions offering a TNA of 75%, the interest that will be received for freezing the same amount It will be $18,750completed the month.
By depositing the same amount in a bank that pays a TNA of 70%, the interest paid per month is: 5.83%. So, by putting $300,000 fixed term in 30 days you will receive $17,490.
SN
Source: Clarin
