The UVA fixed terms will begin to pay this week the performance corresponding to the latest CPI data for December, which shot up to 25.5%, the highest monthly level in 33 years. That is why analysts assure that it is a good time to make a new placement.
Specifically these instruments They will begin to pay December inflation 45 days after the start of that monthwhich means that from January 16 is when the coefficients tied to the CPI will be updated.
It should be noted that The UVA fixed term follows the evolution of price increases so it adjusts for inflation, through the UVA+1% formula. It is a deposit in pesos whose minimum term is 180 days and the maximum is one year.
The UVA fixed term has two formats, the traditional one and the pre-cancellable one.. A few weeks ago, the BCRA decided to eliminate the minimum prepayment rate, which implies that the conditions will now depend on the banks.
How to make a UVA fixed term
It should be noted that when establishing the fixed term, it is done in Purchasing Value Units updateable by “CER” (UVA). At the end of the term, the amount of UVA is paid at the current value plus a small interest of around 1%.
for agor a UVA fixed term it is necessary to be over 18 years oldbe a client of the bank and, as is usually the case with other types of deposits depending on the amount, documentation may be required to justify the origin of the funds.
To do this you need an account in the home banking of the user, and the investment modality allows adjusting the capital according to the Reference Stabilization Coefficient (CER)thus reflecting the evolution of inflation.
Why it’s not a good time for a traditional fixed term
After knowing the latest inflation data, the BCRA announced that it will not modify the rates. This way, The negative interest will be maintained for the traditional 30-day fixed term of 9%which represents a loss for the saver of 16.5 percentage points, considering an inflation of 25.5% in December.
Source: Ambito
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