The inflation figure for October was 2.7%. Thus the disinflation process is consolidated and the returns of virtual wallets began to change.
October inflation was 2.7%which implies that the disinflation process continues and, therefore, rates in pesos begin to adjust to these new values. Within this framework, the returns of virtual wallets, which invest in Common Investment Funds (FCIs) money market.
October inflation managed to pierce the long-awaited 3%. The data was even below what was estimated by the REM and some consulting firms. But not only that, The CPI also managed to break 200% year-on-year, which, on this occasion, reached 193%as reported by the National Institute of Statistics and Censuses (INDEC).
What rates do virtual wallets offer?
The main virtual wallets cut their performance after the drop in inflation.
- Uala: 40% TNA -remunerate up to $500,000 deposited-.
- Orange: 39% TNA -applies up to a limit of $600,000-.
- Payment Market: 36.9% TNA.
- Prex: 36.7% TNA.
- PersonalPay: 33% – 40% – 43% TNA*
- Lemon Cash: 31.5% TNA.
*depending on the amount deposited the previous month
What are paid accounts? Remunerated accounts They are a type of account designed to obtain profitability; in fact. In addition, the investment can be recovered at any time, without any penalty or commission.
Source: Ambito
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