The BCRA, with inflation of 8.4% in April, raised the rate for the “traditional” fixed term considerably. What performance can you achieve?
By Ian Muñoz Pederzoli
17/05/2023 – 17,02hs
Due to recent data on the inflation of the month of April (8.4%), the BCRA raised the interest rate again, a measure that it had already taken last month, so that savers continue betting on instruments such as the fixed term and do not go to the dollar. In this way, thanks to the new rate, interest contains the inflationary effect.
Traditional fixed term or grape fixed term: which is the best?
Taking into account the latest data from inflation, he fixed term UVA It is positioned as an option to take into account, above all, because as the elections approach, the price increase could be higher. However, it should be remembered that he fixed term UVA It has a minimum period of 90 days and grants an annual nominal interest of 1%.
In this sense, if you make a fixed term UVA Divide the $40,000 by the present value of the UVA ($241.16 approximately). This gives us a total of approximately 165.86 GRAPES. If you are, after a year, you revalue and they are listed at, for example, $530, the 165.86 must be multiplied by that value, resulting in approximately $87,905.
To this number must be added the annual nominal interest of 1% that results in $400, so the total to be collected in this hypothetical case would be $88,305, of which $40,000 would be the initial capital, $47,905 to the revaluation of the UVAS and $40 of the interest obtained.
On the other hand, the fixed term raised his interest rate, going from an annual nominal 91% to 97%. However, the variation in the effective annual rate was greater, which is obtained when reinvest money constantly for a year, going from 141% to 151%. However, the rate may increase or decrease depending on what is determined by the Banco Central, so he could beat inflation or stay below.
Ultimately, the choice of one of these two Fixed deadlines lies in whether people believe that the effective annual rate of the traditional fixed term will be higher or lower than inflation. Also, the traditional fixed term requests a minimum of 30 days, while the UVA fixed term raises said minimum to 90 days. Finally, it is important to remember that the fixed term UVA is reached by the Income Tax, while the traditional one is exempt.
The TNA for time deposits rose from 91% to 97%.
Fixed term Mortgage Bank: how much can you earn by investing $40,000?
If you make a deposit of $40,000 in the Mortgage Bank during a period of 30 days you will obtain a interest approximately $3,233.33. Adding this amount to starting capital, you will have a total of $43,233.33. However, it is essential to consider the inflation I devaluation of the period to make an accurate assessment.
Suppose that, in the month of May, inflation is 7.5%. In real terms, the interest rate would be positive at 0.5833%. This implies that you would earn $233.32 in purchasing power, since the rest of the interests would help you maintain the purchasing power of capital.
In the event that you decide to reinvest the money every 30 days, maintaining the same interest rate, you could get one effective annual rate of around 151%. This translates into a average monthly return close to 12.58%. At the end of the period, you would have a total of $100,400, which includes the initial principal of $40,000 and accrued interest of $60,400.
Step by step: how to make a fixed term in the Mortgage Bank
To do a fixed term in it hipotecary Banc a series of requirements must be met:
- Be a bank customer.
- Place a minimum money of $1,000. It should be remembered that the maximum amount is $10,000,000 so that the minimum rate is respected.
- The minimum term is 30 days.
On the other hand, the hipotecary Banc It has the following channels:
- Home Banking (sitio web).
- Mobile Banking (mobile application).
- Branches for face-to-face attention.
The fixed term in Banco Hipotecario can be done through the mobile app or homebanking.
Regarding the procedure, to establish a fixed term from Home Banking or the application, you must enter the option “Investments” and then select the option “New investment”. Subsequently, you must choose the option “new fixed term” and then you must choose the tfixed term type.
Then, you must enter the amount and the account from which it will be debited, as well as the duration of it. Once the previous step is done, you must press on “Simulate” and the bank will show you the interest to be charged and the amount at maturity. You can also opt for automatic renewal.
