The rise in interest rates set by the BCRA to 97% has an impact on new fixed-term deposits in pesos. How much does it yield if invested for 30 days?
The performance of time deposits are safe receipts without any risk. And furthermore, if inflation remains below 8%, as indicated by the May index, they will be more profitable.
The fixed term depositsone of the preferred investments of Argentines and that most banks offer, currently yield above inflationthanks to the fact that interest rates are above.
He Central Bank (BCRA) decided that interest rates will remain unchanged for now, since inflation has slowed in the last two months and the performance of time deposits were higher.
with the current rate at 97% per yearinvestments in fixed term will continue to have a yield of almost 8.1% in 30-day deposits.
What is a fixed term and how much do I earn?
He return on time deposits They are safe safeguards without any risk. And besides, if inflation remains below 8% as marked by the May index will be more profitable.
With a investment of $628,000 can have a monthly return of $50,000which can be a good reinforcement to reach the end of the month.
Fixed term: how much do I need to earn $2,000 a month
With current interest rates you can earn $2,000 a month and for that you have to invest $755,000. After 30 days the total return will be $60,193, so if it is renewed with the initial capital plus interest the following month there will be a total amount of $815,193.15.
Source: Ambito
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