It adds to the wide range of investments already available in the ecosystem, which includes a Money Market Common Investment Fund (FCI) in pesos.
Uala reported that from today its clients who have opened a Savings Bank in Uilo Through the Ualá app, they will be able to invest in a fixed term with a differential rate of 115% per year for a limited time.
It adds to the wide range of investments already available in the ecosystem, which includes a Common Investment Fund (FCI) Money Market in pesos, as well as the possibility of operating MEP Dollar, CEDEARs and Shares, all managed by the ALyC Ualintec Capital.
“We always strive to diversify and expand the options in our product ecosystem so that each person can find the solution that best suits their needs. With a introductory interest rate of 115% (TNA), Fixed-term onboarding offers our users a attractive alternative for short and medium term investmentssaid Andrés Rodríguez Ledermann, VP of Wealth Management at Ualá, who explained that there are already more than 2 million people who have accessed investment products through the Ualá app.
Ualá fixed term: step by step to issue the placement
The process to invest in a traditional fixed term with Uilo through Ualá is easy and fast. Enter the section “Investments” of the app and select the options “Fixed term” and “Constitute a fixed term.” Then, the amount and term are indicated, which may be a minimum of $1,000 and 30, 60 or 90 days.
Ualá fixed term: who will benefit
The Constitution does not entail costs and can be done at any time, every day of the week, 24 hours a day. In this first stage it will be available for selected users and the base will progressively expand.
Ualá fixed term: is it appropriate?
The Central Bank decided to lower rates andOn December 18, from 133% to 110% (Annual Nominal Rate, TNA) affecting traditional fixed terms. In this way, the monthly yield of these savings instruments became 9%, a negative rate.
The Ualá fixed term guarantees a return of 9.5%, which, although still negativeimproves what is offered by the banks.
With the inflation data for December, 25.5% according to INDEC, traditional fixed terms lost 16.5 percentage points.
Source: Ambito
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