Despite the high August inflation data, the BCRA maintained the rate at the level reached the day after the PASO.
He Central Bank (BCRA) arranged that there will be no change in the interest rate despite inflation data of Augustwhich was located in the 12.4% marking a record in 32 years.
Therefore, the rate provided by fixed-term deposits will remain at the levels reached with the increase applied on the day after the primary elections. That is to say, 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.
Calculate how much your 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%.
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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