Saturday April 22, 2023 | 11:30 a.m.
The Central Bank (BCRA) increased interest rates to 81% for retail fixed terms and Leliq. Thus, the traditional fixed terms of up to $10 million will go from yielding 6.75% per month on deposits with a maturity of 30 days. And many wonder if they can live off the performance of these placements and the total amount to invest that requires being able to count on an “extra income” that is similar to a considerable salary.
For its part, the effective annual rate (TEA) of a fixed term of these characteristics will be 118.98% per year. According to the BCRA, the minimum amount to invest is $1,000.
Fixed term: the money that must be invested to earn $300,000 per month
With the new nominal annual rate (TNA) at 81%, the fixed terms will yield as follows:
If a person seeks to earn $300,000 per month, they must invest $5,000,000 in a fixed term of 30 days. In this way, he will obtain a total of $5,343,972.60, whose earned interest is 343,972.60 pesos.
On the other hand, if the placement of $5,000,000 is made for 60 days, at the end of the period the saver would obtain $676,849.32 in interest.
Fixed term: how much money do I have to invest to earn $500,000 per month
With the new nominal annual rate (TNA) at 81%, the fixed terms will yield as follows:
If a person wants to earn $500,000 per month, they must invest $7,500,000 in a fixed term of 30 days. In this way, he will obtain a total of $8,015,958.90, with an interest earned of 515,958.90 pesos.
On the other hand, if the placement of $7,500,000 is made for 60 days, at the end of the period the saver would obtain $1,015,273.97 in interest.
