Historically, the dollar hoarding and the placement of deposits fixed term have been the savings instruments favorites of Argentine citizens. The reasons for the popularity of both are various, although their coverage Front of inflation.
How much does a fixed term give you in pesos per month?
In these moments, the nominal annual rate is 75%. In case that reinvest he money every 30 days, you will get one effective annual rate significantly higher (107.05%).
In the case of placing $200,000 30 days at the current rate, it will earn you $12,500 of interests per month.
In the hypothetical case that you invest that money for 30 days, but reinvest constantly for 12 months, you will receive $414,100that is, $200,000 corresponding to the original capital and $214,100 of interest.
In the case of choosing another type of fixed term, you can choose the option of fixed term UVA. In this case, the money you invest will be divided into GRAPES (purchasing value units) and at the end of the fixed term, they will pay you the GRAPES that you acquired plus 1% interest.
There is also the option of fixed term UVA Precancellable, but, in case of canceling it in advance, you will not receive the revaluation of the GRAPES, Instead, the money invested will be taken and multiplied by a lower rate than the traditional fixed term.
The fixed term UVA follows the evolution of inflation
However, having a decline of the inflation, the UVA fixed term is less profitable than the “traditional” version. In addition, it should be remembered that this type of fixed term, unlike the classic version, is reached by the Income Tax.
How much do I earn if I put 100 thousand pesos in a fixed term?
As we mentioned earlier, at this time, the rate of the fixed term stands at 75% annual nominal and the effective rises to 107.05%. Depending on the money that invest it will be what the bank will pay you.
For example, if you decide to invest $100,000 at 30 days with this rate, It will generate approximately $6,250 in interest. In the hypothetical case that you reinvest that money every 30 days for a year, At the end of the 12 months you would obtain $207,050 of which $100,000 will correspond to the invested capital and $107,050 of interest.
However, this interest I would be “nominal” because, in one inflationary economy like the one in Argentina, you must to discount the inflation of said period to know what was the “real” gain what did you get Assuming that to inflation is 85% per year and the fixed term that you established we were withdrawing the interest generated, you will have incurred a loss of 10% per year.
If, on the contrary, you renewed the interests periodically, that is, every 30 days we renew both the capital and the interest, you will obtain the previously mentioned rate of 107.05%. In this case, taking 80% inflation as data, you would obtain a profit of 27.05% in pesos respectively.
How much does Banco Nación 2023 pay for a 30-day fixed term?
For now, a fixed term to 30 days in National Bank pays a nominal interest rate of 75% per year, that is, 6.25% per month. In the case of constantly renewing the fixed term for 12 months, the annual rate amounts to 107.05%.
The monthly interest rate for time deposits at Banco Nación is 6.25%
How much do I earn if I put 150 thousand pesos in a fixed term?
The nominal annual rate for 30-day fixed-term deposits, provided the amount is less than $10,000,000, is 75% annual nominal, which translates into 6.25% per month.
However, in the event that you decide to reinvest the total, that is, both the capital and the interest earned, The monthly interest increases thanks to compound interest.
For example, If you put $150,000 in a fixed term, the first month you will get $9,375 in interest. However, in the second month the profit rises to $9,961 and in the third month it is approximately $10,583. For this reason, in the event that you decide place you money to fixed term for a year, it is not convenient to do it directly, since you will only obtain the nominal interest of 75%.
On the other hand, if you place your money for 30 days and you constantly renew for 12 months, you will get a rate widely superior.
In cases where the deposit is for an amount greater than $10,000,000, both the nominal annual rate and the effective annual rate decrease considerably. That happens because the BCRA established a policy of minimum rate for those fixed terms that do not exceed that figure and that are human persons.
For this reason, in the hypothetical case that you have money of more than $10,000,000, it is convenient divide in different financial entities for keep the interest rate previously mentioned.
