Last week the Central Bank eliminated the minimum than the banks they have paid for freezing deposits fixed term. After the measure, yields which until last Monday had a nominal annual base rate of 110% collapsed drastically, which translated into an interest of 9.10% for a 30 day deposit.
The rates that banking institutions pay today for an investment of this type are much lower, most offer a TNA of 70%that is, a 5.83% per month. Only one entity has a nominal annual rate of 75%, which is a 6.25% return in 30 days.
The Ualá virtual wallet, which offers the possibility of setting fixed conditions via Ulilo, It’s the one that performs best, with a rate of 77%, that is, a monthly interest of 6.41%.
Whatever the size chosen, these rates are well below inflation, which in February was 13.2% and which, if it reaches the single digits, according to estimates by President Javier Milei and economists such as Carlos Melconian, it would be closer to 9 than the 6% offered by the banks.
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%.
- Comafi: offers a rate of 71%, i.e. a 5.92% at 30 days.
- ICBC, Galicia, Province, BBVA, Banco Ciudad, Santander, Credicoop, Mortgage 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 $500,000the interest it gives will be $32,050 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 $31,250 completed the month.
Comafi on a fixed-term basis for 500,000 dollars, makes approximately 29,600 dollars in 30 days.
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 $500,000 in a fixed term in 30 days you will receive $29,150.
Characteristics of a common fixed duration and an inflation-linked one
Fixed term or fixed term UVA (inflation linked) is a investment alternative in pesos where the term and interest rate are agreed upon from the outset.
The former can be agreed for a minimum of 30 days, the latter for a shorter period of 180 days, although for the latter there is the possibility of canceling early (loss of benefit).
In general, to set a common fixed maturity it is not necessary to be a customer of a banking institution, even if this condition guarantees a more favorable rate in many cases.
It is an investment with few risks, especially those that are renewed in a month because the return is known before subscribing to it. Those who are tied to inflation depend on that variable.
Fixed-term UVA
The fixed term UVA is a deposit frozen for a longer minimum period, linked to the evolution of inflation and granted at 1% per annum.
Although the possibility of canceling this type of deposit in advance is now offered (with a much lower profit), from the end of December the minimum to freeze this type is 180 days. The last deposits frozen for 90 days have begun to expire these days.
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Source: Clarin
