The saver who seeks to beat inflation has an alternative in the traditional fixed term. How much is earned by placing $120,000 in 30 days
For Mariano Jaimovich
12/23/2022 – 3:16 p.m.
Savers look for different ways to avoid keeping the pesos, and one of them is the traditional fixed term, which today allows us to beat the march of inflation. Based on this premise, Santanderone of the most important private banks in the financial system, allows you to invest in this instrument.
Consequently, iProfessional took the example of a initial placement of $120,000 for a period of 30 dayswhich is the minimum reserve time required, to know how much can be earned in that period.
It should be remembered that the nominal interest rate (TNA) offered by a traditional fixed term for deposits made by individuals, for amounts less than $10 million, it is 75%. This figure is equivalent to obtaining a monthly profit of 6.25%.
This percentage is significantly higher than the latest official data from inflation, which was 4.9% last November. This figure is equivalent to one-month deposits offering a positive return compared to the behavior of the consumer price index (CPI).
Fixed term: how much profit does it yield now
For economists, There are various seasonal factors that indicate that inflation in these months may be higher than that registered in November, although in most cases they agree that it would remain in tune with the rate currently paid by the fixed term.
According to the last Survey of Market Expectations (REM) carried out by the Central Bank among a group of about 40 analysts, the projection of inflation for December is 6.3%. A figure that barely exceeds the income that today provides a one-month deposit, which is 6.25%.
You can place a small amount and in pesos in a fixed term of 30 days, to obtain an income of 6.25% in that period.
And for the following periods, the estimates of the experts who participated in the REM maintain that the Economy prices would move 6% in January and 5.9% in February.
In short, if these forecasts come true, the traditional fixed term would once again be seductive for savers in the coming months. Even the current rent it offers is similar to the monthly increase in the price of the official dollar.
Even placements offer a greater profitability if one takes into account the effective annual rate (TEA), which is 107%. It is obtained by renewing every 30 days the amount deposited plus the interest earned, for a period of 12 months. In this way, it is possible to achieve a theoretical profit of 8.92% per month.
Fixed term Banco Santander: how much you earn with $120,000
On the side of the concrete profits that a traditional fixed term offers in Banco Santander when making, for example, an initial investment of $120,000 in 30 days, it must be known that after waiting that time the capital will amount to a total of $127,500.
in clean, “extra” money of $7,500 will be earned in practically a month with the amount taken as an example.
Regarding the simple and brief steps required to establish a traditional fixed term, the saver must know that it can be established through the different ways that the bank has. Santanderas their home banking (official website) and the application (app) for cell phones and other mobile devices. The requirement that must be met in order to invest in the aforementioned financial instrument is to make a deposit of more than $500.
If $120,000 is placed in a traditional fixed term in Banco Santander, about $7,500 will be earned after 30 days.
In turn, the Minimum time to make a traditional deposit is 30 days and the maximum is 913 days.
In the case of appealing to use Santander’s home banking, or its application, andl step by step to proceed to form a traditional fixed term is the following:
- When accessing the Bank’s site, the first process that must be carried out is to go to the “Beginning“, and within the section of “investments” the “fixed term” option must be selected.
- Then you must go to the item “establish a fixed term“, where the ” must be completedamount” that you want to invest, based on the money that is available in the account. At the same time, you must place the days to which you prefer to make the fixed term.
- Once the aforementioned requests are completed, you must “continue“.
- Finally, the platform will summarize all the data of the investment made to verify that no data has been entered erroneously. After that step, you must press “make up” to conclude the process. With this, you have already established your fixed term.
