In this way, interest rates went from 97% to 118% per year last week. Thus, by constituting a 30-day fixed term, the yield for the saver became 9.7%.
With the rise in fixed-term interest, the option of investing to obtain an extra per month became more attractive in the face of inflation to reinforce income.
Last Monday, after the primary election resulthe central bank (BCRA) ordered a official wholesale dollar devaluation and, in line with that measure, it resolved to raise the monetary policy rate (including the fixed term traditional) in 21 percentage pointsuntil the 118% (Annual Nominal Rates, TNA), which is equivalent to a 209% in effective annual terms (TEA) and an effective monthly yield of 9.7%.
In this way, interest rates went from 97% to 118% per year last week. Thus, by constituting a 30-day fixed term, the yield for the saver became 9.7%. As long as inflation stays below that number, it’s still business. If not, another type of instrument should be used.
However, if the objective is only to have one more income, the fixed term is still a good option.
Fixed term: how much should I invest to have an extra $50,000 per month?
With a investment of $45,600 in 30 days, an extra amount of $50,022.58.
Fixed term: how much do I earn if I invest $100,000 in 30 days?
This means that if a person does a fixed term by 30 days of $100,000at the end of the term will receive $109,698.63: the $100,000 that you had deposited at first plus a interest of $9,698.63.
Fixed term: how much do I earn if I invest $1,000,000 in 30 days?
In the same sense, if one inverts $1 million in a fixed term, with the rate of 118%the 30 day profit It is $96,986,301.
For the deposits of more than $30 million made by companies (legal person), the guaranteed minimum rate will be from 111%with a monthly effective interest of 9.12%.
Fixed term: how much do I earn if I invest $2,000,000 in 30 days?
With $2 million invested you earn per month $193,972,603which implies a good reinforcement to the pocket.
Source: Ambito
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