The minimum amount to invest in a UVA FIXED Term is 180 days and the Minimum amount is $1,000. The yield equals the inflation that occurs during the 180 days plus a slight interest of 1%, which guarantees the saver to maintain purchasing power with respect to price increases.
One of the advantages of this placement is the possibility of pre-cancellation, obviously giving up part of the performance. This pre-cancellation will be available 30 days after its formation.
The maximum amount to deposit at UVA is $5,000,000.
In principle, the UVA Fixed term It had a minimum term of 90 days, but the banks demanded that it be extended to 180 days.
Banks are reluctant to offer this option to their clients because they say they do not have a way to accommodate this investment and guarantee returns.
What about fixed deadlines?
Fixed term rates have been adjusted again. As of March 27, 2024, several banks have reduced their interest rates for 30-day fixed terms.
Is a fixed term or digital wallets more convenient?
If you invest two hundred thousand pesos in a traditional fixed term, The monthly interest rate is equal to 71%, so you would earn $11,671.23 every 30 days.
If we compare traditional fixed term with virtual wallets, We see that the latter pay more, but we have more liquidity, which for a few days is a better alternative. Yes You invest two hundred thousand pesos in a traditional fixed term, The monthly interest rate is equal to 71%, so you would earn $11,671.23 every 30 days.
If we compare traditional fixed term with thes virtual wallets, We see that the latter pay more, but we have more liquidity, which for a few days is a better alternative.
Source: Ambito
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