One day after knowing the inflation data, which in February was 6.6%, the Central Bank again touched the reference interest rate and raised it by 3 percentage points: it went from 75% to 78% per
This translates into an improvement in the monthly rate that banks pay to small savers if they invest in a fixed term.
In times of high inflation, investors seek to protect their pesos and the most conservative see fixed terms as a good way to offset -or at least reduce losses- constant price rises without risking too much.
In addition, this is one of the alternatives in which
money can be put to work in short periods: 30, 60 or 90 days
With the annual increase of those three percentage points decided yesterday by the BCRA, the traditional fixed terms of up to $10 million
will go from yielding 6.25% to 6.5% per month for deposits with a maturity of 30 days
while the effective annual rate (TEA) of a fixed term of these characteristics will be almost 113%.
Savers who made a fixed term in February lost against the rise in prices
for the first time in six months
Although this adjustment is not enough for a fixed term to beat monthly inflation, the yields become more attractive if that placement is renewed for 12 months.
Another decision that favors the common saver is that, in turn, the entity did not touch the interest rate that banks charge for debts with credit cards.
How much do I have to deposit to earn $50,000 in 30 days
According to the simulators of the BBVA and Provincia banks, a saver must invest
about $755,000 to obtain a profit of just over $50,000 in 30 days,
or about US$2,000 if the free quote is taken.
If that same money is deposited in the 60-day fixed term, the profit will be $96,805.48, that is, you will receive about $851,805.48.
If, on the other hand, it is invested for 90 days, about $145,000 will be earned, that is, the initial value will amount to $900,208.22.
If that initial $755,000
If that initial $755,000
is reinvested with the interest earned each month, after 5 months, the investor will have reached
If the small saver does not have as much to invest, they can deposit a smaller amount.
The minimum to deposit is $1,000.
If instead of $755,000,
one deposits an initial amount of $100,000
within 30 days in any public or private bank, the initial profit will be
If that money is left for a period of 60 days,
the interest earned will amount to
If those $100,000 are left on deposit for 90 days
, the value will be $19,232.88.
If instead, after the first month, one takes that $100,000 plus interest of $6,624.66 and renews for 30 days, at the end of the term the amount invested will amount to $113,687.47.
If, on the other hand,
you have only $10,000 to deposit, the 30-day yield will be about $662.47
At the end of the period, the client will have about $10,662.47.
If that initial capital of $10,000 is reinvested with the interest earned over twelve months,
the total annual profit will amount to $20,000
, as long as the same rate is maintained throughout the period.
The last time the BCRA raised the monetary policy rate was in
, when it ordered an increase of 750 basis points and the return on its remunerated liabilities, which went
from 69.5% to 75% per year,
a level defined by the remuneration of time deposits, interest rates for credits and other financing costs in pesos.
In total, the Central Bank applied four interest rate increases since July 2022: 800 points on July 28,
from 52 to 60% per year
950 points on August 11,
up to 69.5% per year
550 points on September 15,
at 75% annual;
and 300 points now,
at 78% per year.
The Central Bank raised rates: fixed terms will now yield 78%