The slowdown in inflation in recent months has focused on the traditional fixed term since its profitability became positive with respect to the prices of the economy.
Is about one of the simplest instruments to operate and provides a return that is known at the time of setting it up, making it one of the favorite investments of Argentine savers along with hoarding dollars.
As data to take into account, the latest data from official inflation was 5.1% in December for the consumer price index (CPI), a figure that remained in line with respect to the 4.9% in November and that showed some slowdown with respect to the peak of 7.4% that it had in August of last year.
On the other hand, since last September the nominal interest rate of the traditional fixed term stands at 75% per year (TNA), so every 30 days represents a rent close to 6.2%. In this way, in the last two months it exceeded inflation.
AFIP investigates your investment in a fixed term: from how much money
At present, and taking into account the financial context described above, banks must report the movements of users’ accounts and cards from a minimum amount.
The Federal Administration of Public Revenues (AFIP) raised in the last update from $30,000 to $90,000 the minimum number to inform the accreditations, withdrawals, account balances and the fixed-term deposits.
From what amount should banks report to the AFIP the movements of accounts and fixed-term deposits?
As stated by iProfessional, this amount of $90,000 is monthly and includes all types of accreditation. That is, it is not limited only to fixed terms, but also covers deposits, received transfers and account balances, so it is not a significantly high amount.
In addition, at the time, the minimum amount from which financial entities must report debit card consumption was increased from $10,000 to $30,000.
With these modifications, banks will be able to streamline operations and, in turn, They will receive automatic and permanent information on monthly accreditations, withdrawals, account balances, term deposits and card consumption.
Fixed term: profit to reach the minimum wage
In the last three months, the rent offered by the traditional 30-day fixed term beat monthly inflation, since in November The increase in consumer prices was 4.9%, in December it reached 5.1% and, according to forecasts by various economists, it is estimated that in January it will be around 5.5%.
In short, these figures show that up to now the traditional fixed term is outperforming the consumer price index (CPI), a fact that makes it an attractive investment. Although analysts warn that in the coming months they can be matched.
Based on the Survey of Market Expectations (REM), prepared by the Central Bank through a survey among some 40 economists, the rise in prices in the economy may be of 5.6% for January and 5.7% for February.
If the saver bets on the current positive rate granted by a traditional fixed term, they can earn a minimum salary per month.
One disadvantage of using a traditional fixed term to obtain a monthly income equivalent to a “minimum wage”, is that if the monthly earnings are withdrawn, the initial capital reinvested every month will be progressively devalued by inflation.
One way to counter that is to consider the annual effective rate (TEA), which reaches 107%. Percentage that is only achieved if the deposit is renewed every 30 consecutive days, including the interest earned (or “minimum wages”) in each period, for 12 months. Therefore, the theoretical income of this process is 8.8% per month.
In summary, if those “salaries” are not withdrawn achieved and they continue to be placed for a whole year, the TEA achieved will exceed the inflation forecast by the economists in the REM for all of 2023, with projections that are located at around 99% per year.
The problem with it is that you will have to wait 12 months to withdraw all the “minimum wages” added at that time plus the invested capital.
