The official inflation data show that the traditional fixed term offers a higher income than the prices. How much can you earn with $50,000 in 30 days?
For Mariano Jaimovich
01/20/2023 – 3:56 p.m.
To take advantage of the fact that the interest rate beats inflation, those Argentines who have a few pesos “to spare” have the possibility of earning an extra income through a traditional fixed term. For this reason, iProfessional calculated how much can be obtained with this tool, for example, in the Santander Bankwhich is one of the private banks with the largest number of clients.
Based on this premise, the investment of a Initial capital of $50,000 at a placement time of 30 dayswhich is the minimum allowed by the financial system.
The main fact that must be considered is that from mid-September of last year to date, a traditional fixed term offers a nominal annual rate (TNA) of 75%, which represents an income of 6.2% per monthand which can only be accessed by individuals who deposit amounts of less than $10 million.
The monthly percentage provided by this investment significantly exceeds the inflation of recent months, due to the fact that last December the consumer price index (CPI) was 5.1%, while last November it had marked 4.9%, according to data from INDEC.
Fixed term: Will it continue to rise above inflation in the coming months?
In summary, the latest monthly inflation data show that the traditional fixed term is yielding a positive income, since it is located around one percentage point above the prices of the economy.
The positive data for savers is that, according to the latest survey carried out by the Central Bank among a group of analysts, inflation is projected to remain below the rate paid by bank placements in the coming months.
The interest rate offered by a traditional fixed term of 6.2% per month exceeded the inflation of November and December.
The consensus of economists expects that the price increase would be 5.6% for January and 5.7% for February. That is, below the 6.2% at 30 days offered by a traditional fixed term.
And if you consider the effective annual rate (EAR) From this type of deposit, which represents renewing every month the placement made plus the interest earned, for a period of one consecutive year, it is obtained 107% in one year, which represents a theoretical monthly rate of 8.92%.
Therefore, in this way it is possible to obtain a income that exceeds expected inflation for all of 2023which for economists would be less than 100%.
Fixed term Banco Santander: how much you earn with $50,000
With calculator in hand, A saver who has, for example, $50,000 to spare to invest in a traditional fixed term in Banco Santander, if he makes a constitution for a minimum period of 30 days, he will obtain after that waiting period a total capital of $53,100.
In short, In this case, you will earn about 3,100 extra pesos in a monthwhich can be used to pay certain regular expenses.
The simple step by step that is required to carry out to be able to deposit the money in a traditional fixed termbegins by selecting one of the different channels that the Santander Banksuch as home banking (official website) and the application (app) for cell phones and other mobile devices.
The saver who places $50,000 for 30 days in a traditional fixed term at Banco Santander will earn $3,100 per month.
In order to access this instrument, it is requested to carry out a deposit over $500. In addition, the time selected to match the funds and obtain a return can range from 30 to 913 days.
The user you choose uses home banking or the Santander application on step by step what to do to make a traditional fixed term is the following:
- When entering the Bank’s web page, the first action that must be taken is to go to the “Beginning“, and within the section of “investments“you have to address the option of”term permanent“.
- After that, you should go to the section “constitute a fixed term“, where you need to enter the “amount” that you want to invest, in direct relation to the money that is available in the account. You must also indicate the number of days Which is preferred to perform the fixed term.
- Once the aforementioned requests are completed, you must “continue“.
- To finish with the steps for the bank placement, the platform will summarize all the data of the established investment to verify that no data has been entered in an erroneous way. After that detail, you must press “make up” to complete the process. In this way, you have already established your fixed term in Santander.
