The Central Bank (BCRA) decided to reduce the reference rate in pesos from 32% to 29% last week. This measure directly impacted the yields offered by investments in pesos, such as fixed deadlines and paid accounts.
Last week the Central Bank (BCRA) decided to reduce the reference rate in pesos from 32% to 29%. This measure happens within the framework of the deceleration in the rhythm of devaluation, Since from the first of February the rhythm of “crawling peg” went from 2% to 1% monthly and, according to the government, will help reduce inflation expectations.
Immediately, the banks adjusted the interest rates of the fixed deadlines. Banking entities, although they no longer have to offer a minimum yield, Each adjustment in monetary policy impacts its yields.
For its part, virtual wallets They depend on the investment of balances in common investment funds (FCI) immediate rescue, known as “Money Market”. These funds, in turn, channel capital towards highly liquid options, such as Remunerated accounts, fixed deadlines and ciones, which are also affected by the reduction of the reference rate.
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Investments in pesos: What are virtual wallets, FCIS and the fixed deadlines that pay the most
In this context, some wallets have already updated the annual nominal rate (TNA) offered. Next, the complete list of wallets, the FCI Money Market and the fixed deadlines that pay the most:
Virtual Wallets:
- Coconuts: 33.1% TNA
- Ulá: 32% (limit $ 750,000)
- Orange x: 29% (limit $ 600,000)
- Pay staff: 28.1%
- Payment market: 27.5%
- Prex: 27.3%
- IEB+: 25.7%
- N1U: 25.5%
- LB Finance: 24.5%
- Astropay: 25.5%
Common investment funds Money Market:
- Ulá: 27.3% TNA
- Banza: 28.1%
- Balanz: 27%
- Supervielle: 26.8%
- ICBC: 26.8%
- Santander: 26.2%
- IEB+: 25.7%
- Macro: 25.3%
- Coconuts: 24.6%
- Galicia: 24.4%
Fixed deadlines at 30 days:
- CMF Bank: 30% TNA
- VOII BANK: 30%
- BANCOR: 29%
- Regional Credit: 29%
- MERIDIAN BANK: 28.5%
- HSBC: 28%
- CURRENTS BANK: 28%
- Chubut Bank: 28%
- ICBC: 27.8%
- BICA BANK: 27.5%
Source: Ambito
