This new savings account is aimed at teenagers between 13 and 17 years old who will be able to obtain profits of 41% APR.
Starting this Tuesday, All people over 13 years old will be able to open a Savings Account in pesos in Uilo from the Ualá app and obtain daily returns of 41% APR on the balance deposited in their account.
In addition, as the company announced, they will have access to investment tools such as Fixed Term offered by Uilo and the Money Market Mutual Fund (FCI) managed by Ualintec Capital, which will be enabled progressively later.
The performance benefit applies to account balances from $10,000 up to $500,000Associated with a uniform banking code (CBU), according to Ualá, “this account has no opening or maintenance costs and can be opened 100% online, 24 hours a day, 7 days a week.”
Among the tools that will be available are: Fixed Term available in Uilo, whose 30-day APR is currently 37% and coming soon the FCI via Ualintec Capital.
Likewise, young people can use “Bring your money”, an option that allows Schedule automatic recurring transfers of $400,000 per month or more from your own accounts at other entities (bank accounts -CBU- or virtual accounts -CVU-).
Ualá recalled that “those who have a Savings Bank in Uilo have benefits such as 50% reimbursement on phone top-ups, 20% with QR payment, 20% in supermarkets and 10% in fast food outlets and bars.”
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.
