In the first days of the new government, the Central Bank announced its decision to lower the interest rate. How it impacts the performance of these instruments.
A few days after the inauguration of the new government, the central bank (BCRA) decided to lower the interest rate for deposits fixed term. In this way, the annual nominal yield went from 133% to 110%.
“In the context of a significant excess liquidity and of high inflationthe board of directors (of the BCRA) considered it prudent maintain a minimum interest rate for fixed-term deposits, which decided to establish in 110% annual nominal“, announced the monetary authority. Until yesterday the reference rate was 133%. That is to say, the Monthly Nominal Rate (TEM) became 9.15%.
Fixed term: how much do I earn if I invest $50,000 in a fixed term?
For those savers who deposit $50,000 Within 30 days, you will earn $4,520.55 and receive a total of $54,520.55.
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Fixed term: how much do I earn if I invest $100,000 in a fixed term?
For those savers who deposit $100,000 within a fixed period of 30 days, with the new TNA will receive $9,160that is, the total amount to be withdrawn will be $109,160.
Fixed term: how much do I earn if I invest $200,000?
People who enter $200,000 in a fixed period, they will obtain at the end of the 30 days $218,320that is, a gain of $18,320.
Fixed term: how much do I earn if I invest $300,000 in a fixed term?
Finally, those who invest $300,000will receive at the end of the fixed term an additional amount of $27,480. That is, a total of $127,480.
Source: Ambito
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