The rate hike that the Central Bank promoted in the middle of the month began to slowly impact the rents paid by the virtual wallets in your paid accounts. In fact, Payment Market was one of the first to modify its rate for users, jumping to 100% annually.
It is worth remembering that on October 12, the monetary entity increased the reference interest by 15 percentage points, to reach a nominal annual rate (TNA) of a traditional fixed term at 133%for those placements made for a minimum of 30 days by individuals with amounts less than $30 million.
Now, from that moment until a few hours ago, the rent of the fintech It was practically unchanged at around 95%. The news is that only on Wednesday there was a notable modification because it escalated to 100% of TNA.
This “delay” in the increase in the remuneration that a digital wallet offers for leaving the money in an account is due to the fact that the financial logic it handles is different from that of a fixed term, since Mercado Libre, Personal Pay and the other alternatives of the market place the money in a common investment fund (FCI), managed by an asset management firm, regulated by the National Securities Commission (CNV).
Therefore, This instrument does not provide a pre-established (or fixed) rate to users as a bank deposit does, but the interest it pays fluctuates daily based on the return obtained by the investments made by the bank. common fund in the different financial tools, such as guarantees and fixed terms of banks. This way, it can go down or up steadily.
How much does $100,000 yield today in Mercado Pago
If the saver decides to leave their pesos “untouched” for 30 days, as if it were a fixed term, they will receive an interest of 100% of TNA, which represents a profit of 8.22% monthly.
So, if a person invests a figure of, for example, $100,000 in their wallet, their capital will grow after a month to $108,219.
Thus, with said amount, In a 30-day period you can now earn an extra $8,219.
On the other hand, if the saver is sure that he will not need the money during all that time, You can choose to establish a traditional fixed term to earn more. The disadvantage is that you will have to leave your weights wedged in for a while. minimum time of one month.
In that case, the traditional fixed term offers a default rate of 133% per year (TNA), so if the $100,000 in the example is placed for 30 days, a total of $110,932 will be obtained (an extra $10,932), which is equivalent to a monthly interest of 10.93%.
Source: Ambito
