He Central Bank (BCRA) arranged increase the interest rate (reference) of the fixed term after the National Institute of Statistics and Censuses (INDEC) disseminate the information september inflationwhich marked a 12.7% (which slightly exceeded the 12.4% in August).
For the next few days it is expected that the new interest rate, which yields 11% monthly could be higher than inflation, which seems to be moderating in recent weeks.
The rate adjustment implied a increase of 15 percentage points (1,500 basis points). With this measure, the monetary entity seeks encourage savers to leave their pesos in fixed terms and relieve pressure on the blue dollar
Consequently, now, traditional fixed terms pay an Annual Nominal Rate (TNA), a return set by the BCRA, of 133% annually, with an annual effective rate (TEA) of 253%, which was updated on October 12.
With this measure, the fixed term traditional came to have a monthly effective yield (the TEM) 11%, closest to September inflation data that he 9.7% that was previously offered.
Fixed term: how much do I earn if I invest $150,000 in 30 days?
With current interest rates, when depositing $150,000 a profit of $66,397the equivalent of eleven% of the original investment.
How to make a fixed term?
Most banks offer several channel alternatives to the saver to make a fixed term. One of them and the most used today is Home Banking. And it is very easy to use.
The first thing to do is enter home banking with username and password, which must have been generated previously. Next, you must look for the label, select the “Investments” option from the menu, enter “Fixed term” and click on the “Establish” button.
Next, you must specify how many pesos you want to invest, in this case, $200,000, the amount of time for which the investment will be made and the type of fixed term chosen. It is necessary to enter the account number from which the amount will be debited. And confirm. Don’t forget to select the manually renew option and do not choose automatic renewal.
Source: Ambito
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