Through the money in the account that is held in the digital wallet, you can obtain a daily income. How much do you earn with $80,000 if you wait 30 days
By Mariano Jaimovich
08/05/2023 – 18,57hs
Those users of digital wallets, such as Market Payment, who have money available in the account, can earn a daily income with those pesos without having to do operations. In short, it becomes an instrument similar to a traditional fixed termalthough it presents some differences.
One of these distinctions is that in a bank placement you cannot withdraw the funds invested for an entire month. Instead, fintech has the advantage of being able to count or withdraw the money you have at the time you preferand until that is decided, it is being invested in an investment fund that provides profits on a daily basis.
On summary accounts, iProfessional calculated how much money can you earn in Mercado Pago, if you have, for example, a capital of $80,000 and you do not use it for a period of 30 dayswhich is a comparative reference since it is the minimum time that is required to fit the weights in a traditional fixed term in a bank:
- At the request of the bank deposit plays the nominal annual rate (TNA) it pays, since since the end of April the Central Bank raised interest by about 10 percentage points to the 91%which applies to constitutions made by natural persons for less than $30 million.
- On the other hand, the rate offered by the system used by Mercado Pago today is 66.5% nominal per year, about two percentage points higher than a month ago.
It should be remembered that a fixed term is not being carried out here in technical terms, but instead places the available balance of users in a low-risk common investment fund (FCI) that has a daily variation, where the capital entered is managed by a asset management firm, which is regulated by the National Securities Commission (CNV).
This investment instrument does not have the requirement to leave the money for a minimum time in the digital wallet, nor does it require a minimum or maximum amount to be placed to obtain a profit. Conditions that do require a traditional fixed term, since it does not allow the savings to be available before 30 days from the deposit.
If the pesos are left in the Mercado Pago account, daily interest is earned, but the rate is lower than that of a 30-day fixed term.
Mercado Pago vs fixed term: how much you earn with $80,000 in a month
at the time of meeting how much will a Mercado Pago user earn who deposits $80,000 in his sight money account, and does not spend that amount for a period of 30 days to generate interest, the answer is that after waiting that time the total capital obtained will amount to $84,373.
That is, by investing the capital considered in the example in the payment platform you will get an extra in a month of $4,373. This income represents a rate of 5.47% per month, which is equivalent to 66.5% per year at the time of making this calculation.
In contrast, if a saver constitutes a traditional fixed term of $80,000 for a period of 30 days, you will get $85,984 in that time, because its interest is 7.48% per month (91% TNA). That is, a plus of 5,984 pesos.
Therefore, through a Bank placement will obtain around $1,600 more than in Mercado Pago.
It should be noted that the interest offered by the digital platform can go up or down according to different factors that affect the variation in the value of the mutual fund where pesos are placed, and therefore does not guarantee receiving that level over time.
The problem is that while the traditional fixed term attempts to provide a positive income or get closer to inflation, which already exceeds 7% per month; In the case of the virtual wallet, the interest it offers was quite late compared to the prices of the economy.
The money in a Mercado Pago account can be invested in a common investment fund (FCI), although the pesos are always available.
Market pay: for what saver is recommended
Leaving money in Mercado Pago as an investment is recommended for those users who have money available in their account and who may need it at any time throughout the month to pay for certain financial expenses or unforeseen household expenses. It is also useful for users of the platform who are not banked..
On the other hand, in the case of savers who also have a bank account and who will not require the money in a short time, it will be it is more profitable to opt for a traditional fixed term of 30 daysbecause you pay a much higher interest rate.
For those who have the wallet of Free market and they want to invest their available money automatically, the process is very simple and it is only necessary, for one time, to go to the option “configure investment” and activate the item that asks if you prefer that all the weights entered are always inverted or not.
If this instrument is not activated automatically, the investment can also be made manually each time a new deposit of pesos is made in the digital wallet.-
