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New interest rate: how much Mercado Pago, Ualá and other FCIs pay

New interest rate: how much Mercado Pago, Ualá and other FCIs pay

With the rise in interest rates for fixed terms, those who invest in FCI -whether in fintech or banks- will also see an increase in their returns.

Market Payment

With the rise in interest rates for the fixed terms provided by the Central bank, who invest in Common Investment Funds (FCI) -whether in fintech or banks- will also see an increase in their returns. The increase is already in effect.

Among the fintechs that users use the most are Balanz, Mercado Pago (from Mercado Libre), Ualá and Naranja X.

Orange x It is one of the fintechs that raised the rates for paid accounts the most, that is, those that generate daily or monthly returns just by having money deposited. Now offers 74% Nominal Annual Rate (TNA) for deposits up to $200,000.

In the case of Market Payment, which dominates the market due to the number of users, has the option of investing the money in the virtual wallet in an FCI, and they can be used immediately. With the rise in rates it went to a yield of 72.7%. Until yesterday it was just over 65%.

For his part, he is also Wow, which works in the same way as Mercado Pago, but which gives a slightly higher return, with more than 75% in its Common Investment Fund (FCI) for immediate redemption.

Ualá offers a TNA of more than 75% in its Common Investment Fund (FCI) for immediate redemption.

Source: Ambito

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