With the decision of central bank (BCRA) of keep the interest rate unchanged despite August inflation data, which stood at 12.4%, fixed terms were not the best investment alternative. However, they are still a safe option to protect savings and have some profitability.
The rate provided by fixed-term deposits will be maintained at 118% (nominal annual rate, TNA) with a performance of 209% effective in one yearwhich, in monthly terms, is equivalent to a gain of 9.7% (TEM).
In this way, even though the interest rates of the deposits to fixed term traditional are today at high levelsthis month they were below the level of the inflation. That is why it is important that when renewing your fixed term you know what return you will receive according to him starting amount to invest and term.
With current rates, if we deposited $100,000 every month, without withdrawing the principal or interest, and renewing the deposit after 30 days, at the end of the year we would have a total of $2,303,744.
This means that with an amount of $1,200,000 that we deposit throughout the year, the profit will be close to doubling.
Calculate how much your traditional fixed term yields
Fixed term: how much do I earn if I invest $10,000 in 30 days?
With current interest rates, when depositing $10,000 a profit of almost $970the equivalent of 9.7% of the original investment.
Fixed term: how much do I earn if I invest $100,000 in 30 days?
This means that if a person makes a fixed term by 30 days of $100,000at the end of the term you will receive $109,698.63: the $100,000 that I had initially deposited plus a interest of $9,698.63.
Fixed term: how much do I earn if I invest $500,000 in 30 days?
If they are invested $500,000 After 30 days, the profit is $48,493.
Fixed term: how much do I earn if I invest $1,000,000 in 30 days?
In the same sense, if you invest $1 million in a fixed period, with the 118% ratethe 30 day profit It is $96,986,301.
For the deposits of more than $30 million made by companies (legal entity), the guaranteed minimum rate will be from 111%with a monthly effective interest of 9.12%.$
Source: Ambito
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