In the traditional fixed term, deposits are usually made for a minimum of 30 days and during that time the money cannot be disposed of.
These Fixed deadlines They can be made in both pesos and dollars. The investment can be made at the bank branch, at an ATM or through home banking. The guaranteed minimum rate is defined by the Central Bank.
The fixed terms made with this modality have the same modality as the traditional one but will be expressed in Purchasing Value Unit (UVA). How do I know how much they are worth? The price of a UVA can be seen on the Central Bank website and is updated daily using the CER index.
The minimum term is 90 days and they pay inflation plus 1%. There are two variants. The traditional UVA fixed term and the pre-cancelable one. In this case, from the 30th day, the investor can withdraw his money. What happens is that the saver loses the UVA adjustment and begins to charge a lower fixed rate.
Source: Ambito
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