After knowing the inflation data for April, which was 8.4% monthly in April, the Government defined a series of 9 measures, among which the decision of the Central Bank to raise the interest rate again from 91% to 97% stands out. Translated in favor of a saver, this means that from now on the yield thatbanks will pay 6 points more for depositing money in a fixed term.
The Central Bank had already increased 10 points, from 81% to 91%, after the exchange rate run at the end of April. Now, the nominal monthly rate will thus go to 8% and the annual effective rate to 152%.
The nominal annual rate (TNA) will be raised to 97%, which applies only to deposits made by individuals for less than $30 million.
However, that yield is still below year-on-year inflation, which already stands at 108.8%, the highest value in 30 years.
Traditional fixed term: how much you have to invest to earn $ 100,000
If the saver wants to make a profit close to $ 100,000 with a fixed term of 30 days, he must invest $ 1.3 million. The profit in that case would be $104,000. At the end of the month, the investor will have in his possession: $ 1,404,000.
That is, from today to obtain a monthly profit of $ 100,000 a small saver will need to invest about $ 100,000 less than what he needed until yesterday.
After a year, if the nominal annual rate (TNA) remained constant at 97%, the investor would only make almost twice as much profit as invested. That is, in 12 months, reinvesting only the principal, without the interest, would earn $ 1,261,000.
If, on the other hand, every month – until completing a year – you reinvested capital plus interest, the profit would rise to 152%, that is, you would leave a total return of almost $ 2. Thus, the total would be $ 3.3 million.
In April, a bank deposit paid an average monthly rate of 6.6%, well below the 8.4% inflation recorded in April that INDEC released last Friday. The current yield number will also fall short again, if, as analysts predict, inflation in May approaches 9%.
Traditional fixed term: how much you have to invest to earn $ 200,000
To make a round profit of $ 200,000, it will be enough to invest $ 2.5 million. This means an investment of $ 200,000 less than what was necessary until yesterday.
Continuing with the exercise, if the investor kept that money immobilized for 12 months in a fixed term (renewing it every 30 days), the total profit would amount to $ 2.4 million, taking the TNA.
And if instead, the account is made by the annual effective rate, the 152% you pay today, that total would exceed the initial investment leaving only profits the sum of $ 3.8 million. After a year, adding capital plus interest would be $ 6.3 million.
Just as the fixed-term rate remains, beyond the rise to 97%, below inflation. Relative to the dollar, it also loses. In the last 30 days, the free dollar gained almost 19% in pesos.
The confirmation of the change in rates was known only mid-morning, which is why the change is not yet reflected in the bank simulators, which will gradually begin to update the rates.
SN
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