After the removal of minimum plan than the banks they had to pay to freeze pesos in a warehouse fixed term, the monthly rate dropped from 9.10% to 6% on average. Until 15 days ago, the nominal annual rate (TNA) was 110%. Now, most entities offer 70%. What interest leaves an $800,000 deposit frozen for 30 days.
Starting from that 70%, the fixed-term service is 30 days 5.83%, which is what most banking institutions pay. Others pay 71%, i.e. 5.92%.
The Ualá virtual wallet, which offers the possibility of setting fixed conditions via Uilo, 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%
- Banco del Sol, Banco Meridiano and others, with a TNA of 75%: interest payments of 6.25%
- Comafi, Macro and Mortgage: 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 $800,000the interest it gives will be $51,280 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 $50,000 completed the month.
Comafi, Macro and Hipotecario, for a fixed term of 800,000 dollars for 30 days, pay interest at 5.92%. By the end of the month it will amount to approximately $47,360.
Santander, BBVA, Banco Nación and those who pay 70% of the TNA, for 800,000 dollars in 30 days will give a yield of 5.83% interest. At the end of the month they will add approximately $46,640.
To find out what rates each bank offers you can check here.
Fixed Term Simulator: Check out the TNA here and how much you can earn in 30 days
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. That investment made in December, the last achievable month at 3 months, returned 70%.
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Source: Clarin
