If the investor decided at the end of that term, to make a new fixed term for 30 more days with the initial money plus the $3,833 earned in interest, he would obtain $107,813 at the end of the term.
During the first months of the year, inflation has been on the rise. In January, the general rise in prices was 3.9%, in February it accelerated to 4.7% and in March it reached a peak of 6.7%. With these numbers, it will be very difficult for inflation to fall below 3% in the coming months. Although the rise in rates is far from being positive for savers, it does represent an improvement that will avoid turning to the dollar.
An instrument that has become relevant in recent times is UVA fixed terms. This financial tool that adjusts for inflation more than 1%, although unlike the fixed term it does not have as much liquidity: a minimum permanence of 90 days is required.
UVA fixed terms ensure a positive real rate above inflation. In the context of rising inflation, a fixed term UVA was a better alternative than buying dollars (savings, MEP dollar and CLL).
Since the beginning of 2022, the official dollar has risen 9.5% while the MEP has fallen 3.5% and the CCL 5.7%, all percentages lower than the 16.1% that UVA fixed terms had. Currently it is mandatory for all banks to offer precancelable UVA+1 fixed terms in home banking, as an investment option with a positive real rate for small savers. It is a minimum rate of 1% per year on the interest rate equivalent to the Consumer Price Index reported by INDEC plus the annual rate of 1% that allows maintaining the purchasing power of savings and beat inflation by one point.
Source: Ambito
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