Until Wednesday, with the 53% rate that was in force, the same capital placed at the same term returned $104,416.66 30 days later, that is, $4,416 in interest. The difference between the two rates, at a one-month term, is $666.67 pesos.
Banks also offer pre-cancelable “UVA + 1%” fixed terms, as an investment option at a positive real rate for savers, since they offer 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%, which allows maintaining the purchasing power of savings and beat inflation by one point, if the contractual term of 90 days is met.
The particularity of this product is that it has the option of pre-cancellation from 30 daysalthough with interest rates equivalent to 85% of the TNA given by traditional fixed terms, which would currently be 51.85%.
For analysts, the fixed term UVA continues to be convenient due to the increase in inflation. The increase in the rate validates that inflation will be around 80%, which guarantees that the UVA will continue to pay.
Now with the new increase in interest rates for fixed terms, which now becomes 5.08% per month, the saver who deposits $100,000 within 30 days will receive after that period a total amount of $105,080. That is, for making that investment in one month, he will earn an extra income of 5,080 pesos.
And in case of renewing the fixed term and interest provided by those $100,000 each month, for a whole year, the profit in that entire period would become $181,300 for the new TEA.
UVA craze
Fixed-term deposits in pesos from the private sector -traditional and UVA- grew 17.5% in the last two months, a percentage higher than the inflation that different consultants project for the June-July two-month period, before the rise in interest rates. this last week, according to data from the Central Bank (BCRA).
Specifically, traditional fixed terms reached $5.211 trillion on July 26 -the latest data available-, 16.8% more than on the same date in May, while “UVA”, which adjusts for the consumer price index revealed by Indec, reached $398,426 million, 28.8% more than at the end of May.
The increase in deposits in pesos occurred despite the strong rise in financial dollars that, between the first days of June and the beginning of this week, went from around $210 to more than $340, an increase that triggered the rise in prices of consumer items and that, according to calculations by different consultants, would bring July inflation to around 7%.
In this case, the accumulated inflation of the last two months would be 12.7%, almost five percentage points below the increase in time deposits, a figure that shows that, despite the challenging context, the demand for assets in pesos in the banking system remains stable.
Source: Ambito
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