Key information for those who invest in FCI -whether in fintech or banks- with the interest rates paid by each virtual wallet.
Key information for those who invest in FCI -whether in fintech or banks- with the interest rates paid by each virtual wallet.
The fixed term is one of the most recurring investment tools among Argentines, however virtual wallets are gaining ground. Some of them like Mercado Pago, Naranja X or Personal Pay They allow you to generate passive income without blocking the available money, without a bank account, and with minimum amounts starting at $1.
Thus, these wallets allow you to see the annualized return of the last year and calculate how much interest you will pay approximately. The latest updates indicate that Ualá has yields of 79.65%, Mercado Pago reaches 81.2%, Naranja X 78% and Personal Pay 81.8%.
It must be taken into account that the numbers vary daily. In addition, these percentages are below projected inflation. It should be noted that in the last Survey of Market Expectations (REM)expected inflation for 2023 climbed to 148.9%.
It should also be noted that fixed terms currently have an annual nominal rate (TNA) of 97% for placements of less than $30 million carried out by natural persons, which are carried out a minimum period of 30 days. This means a monthly rate of 8% and an effective annual rate (TEA) of 154.3%.
Besides, behind the performance of virtual wallets are the FCI money market. These instruments that you invest daily but which, unlike traditional fixed terms, allows access to the availability of money at all times.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
