Thursday, January 12, 2023 | 11:45 a.m.
In an economy subject to instability, low-risk financial instruments to grow savings are increasingly in demand. In this case, they find in the fixed term, a safe way to save money. The higher amounts and terms, the better rates. Likewise, the percentage of financial interest depends on the amount of investment and the term of the contract, the higher the amounts and terms, the better rates.
How much do they pay if $10,000, $50,000 or $100,000 are invested?
Although the consumer price index data fell slightly below the 6% annual threshold, the rate on time deposits remains stable at 75 percent. What performance do they show?
A 30-day fixed term for $10,000, with the current rate of 75%, returns 10,616.44 pesos once the term has expired. That is, the $10,000 of initial capital plus $616.44 of interest. In annual terms, twelve consecutive fixed terms in which principal and interest are reinvested each time, return $20,499.63 after 360 days (assuming that the rate remains stable).
A 30-day fixed term for $50,000, with the current rate of 75%, returns 53,082.19 pesos once the term has expired. That is, the $50,000 of initial capital plus $3,082.19 of interest. In annual terms, twelve consecutive fixed terms in which principal and interest are reinvested each time, return $102,498.17 after 360 days (assuming that the rate remains stable).
In the same way, if the initial capital were $100,000, after 30 days of placement the result that would be obtained would be 106,164 pesos. In one year, reinvesting both capital and interest each month, the result would amount to 204,996.34 pesos.
On the other hand, if the initial capital were $1,000,000, after 30 days of placement the result that would be obtained would be 1,061,643.84 pesos. In one year, reinvesting both capital and interest each month, the result would amount to 2,049,963.41 pesos, adding capital and interest.
What is the fixed term rate today?
Currently, traditional 30-day fixed terms for individuals and for no more than $10 million pay an annual nominal rate of 75%, which becomes 107.05% in effective annual terms.
