The new interest rate applied by the Central Bank (BCRA) to fixed terms is 11% monthly, it exceeds the inflation figure for October, but it seems not that for November. How much is earned with that performance.
The Central Bank (BCRA) does not modify the yields of the Fixed deadlines since October and, with an annual nominal rate (TNA) of 133%, the monthly return of deposits It remains at 11%, which seems a possible alternative for the pesos to have a slightly higher performance than inflation, which in October was 8.3% in recent weeks to a slight decrease.
The last interest rate adjustment applied by the BCRA 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.
fixed-term-investments-interest.jpg
Depositphotos
With this measure, the fixed term traditional came to have a monthly effective yield (the TEM) 11%, well above 8.3% previously offered, but positive performance is at risk
Fixed term: how much do I earn if I invest $300,000 in 30 days?
With current interest rates, when depositing $300,000 a profit of $33,000the equivalent of eleven% of the original investment. So, at the end of the month, you will have $333,000 in total in your account.
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, $300,000, 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
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
