Fixed term vs virtual wallets: which is best and which investment pays more

Fixed term vs virtual wallets: which is best and which investment pays more

An option that continues to grow is the use of virtual wallets to make pesos work. Although a traditional fixed term currently pays more, what is beneficial about this option is that the money can be withdrawn at any time. Besides, most of the returns managed to exceed 100% and the one that pays the most reaches up to 110%.

Before seeing which one pays the most, let’s see what benefits it brings to having a paid account: invest money without freezing, obtain daily profits and have the funds at any time without a redemption period. It is worth clarifying that although none beats the inflationif they are an option if you want to make a payment in the short term or simply let the money continue working throughout the month.

What do these paid accounts invest in? at FCI money market. It is an instrument that invests daily and shows the interest it generated 24 hours a day but, unlike traditional fixed terms, allows access to the availability of money at all times.

How do I invest in a money market? choose an application that has a virtual wallet with this option. Can do it anyone over 18 years old. It is 100% online, with no minimum stay time and money can be redeemed 24 hours a day, 365 days a year.

Offers an annual interest of 110% (9.16% monthly) but in this case it varies depending on the amount of money deposited.

It promises an annual rate of 108.5% (9% monthly).

Remunerates balances 104.7% annually, which is equivalent to a 8.73% monthly.

Offers an annual rate of 103.3% (8.60% monthly).

Offers an annual interest of 102.4% (8.5% monthly)

Mercado Libre has an annual rate of 96.5% (8.01% per month).

Remuera balances: how much does the fixed term leave?

He Central Bank (BCRA) arranged increase the interest rate (reference) of the fixed term to the 133%from the 118% previous annual. The decision was made after the INDEC disseminate the information inflation of Septemberwhich marked a 12.7% (which slightly exceeded the 12.4% in August).

With this measure, the fixed term traditional comes to have a monthly effective yield (the TEM) 11%, closest to September inflation data that he 9.7% that was previously offered. To calculate the fixed term, go here.

Source: Ambito

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