After the elimination of the
minimum floor
that banks
had to pay
to freeze pesos in a
fixed-term
deposit , the monthly rate fell from 9.10% to 6% on average.
Until three weeks ago, the annual nominal rate (TNA) was 110% base, and since then the entities, for the most part, offer 70%.
What interest leaves, then, a deposit of $900,000 frozen for 30 days.
Starting from that 70%, the yield for a fixed term of 30 days is
5.83%, that is what most banking entities pay
.
Although others pay 71%, that is, 5.92%;
a few 75% (6.25% per month).
The Ualá virtual wallet, which offers the option of setting up fixed terms through Uilo,
is the one with the best performance,
with a rate of
77%,
that is, 6.41% monthly interest.
Whichever entity chooses to freeze a fixed-term deposit, the rates remain well below inflation, which in February was 13.2% and which, if it reaches single digits, according to the estimates of President Javier Milei and Economists like Carlos Melconian will be closer to 9 than the 6% that banks offer.
Fixed term: bank by bank, what is the TNA and the interest you pay per month
Ualá
, with a
TNA of 77%
, pays for one-month placements: 6.41%
Banco del Sol, Banco Meridian
and others, with a TNA of 75%: interest payment of
6.25%
Comafi, Macro and Hipotecario:
offers a rate of 71%, that is,
5.92% for 30 days.
ICBC
,
Galicia,
Provincia, BBVA, Banco Ciudad, Santander, Credicoop, Hipotecario
and
HSBC
, TNA 70%: pays 5.83% for a one-month placement.
Ualá is on point: the fixed term is established through Uilo - a financial entity with a banking license - for
$900,000
, the interest it gives will be
$57,690 per month.
So, to form a fixed term in entities that offer a TNA of 75%, the interest that will be received for freezing the same amount
will be $56,250
for the entire month.
Comafi, Macro and Hipotecario, for a fixed term of $900,000 for 30 days, pay 5.92% interest.
By the end of the month, they will total about $53,280.
Santander, BBVA, Banco Nación and those who pay 70% of TNA, for $900,000 over 30 days will give a return of
5.83% interest
.
At the end of the month, they will add -then- about
$52,470.
To find out what rates each bank offers you can check here.
Fixed term simulator: check the TNA here and how much you can earn in 30 days
Characteristics of a common fixed term and one tied to inflation
The fixed term or UVAs fixed term (tied to inflation) is an
investment alternative in pesos
in which the term and interest rate are agreed upon from the beginning.
The former can be agreed upon for a minimum of 30 days, while the latter are arranged for a shorter period of 180 days, although for the latter there is the option to pre-cancel before (losing performance).
In general, to set up a common fixed term it is not necessary to be a client of a banking entity, although being so ensures in many cases a more favorable rate.
It is an investment with little risk, especially those that are renewed in one month because the performance is known prior to signing it.
Those who are tied to inflation depend on that variable.
UVA fixed term
The UVA fixed term is a deposit that is frozen for a longer minimum term and is tied to the evolution of inflation and grants 1% annually.
Although the option to pre-cancel this type of deposit is now offered (with a much smaller profit), since the end of December the minimum to freeze this type is 180 days.
The last deposits frozen for 90 days began to expire these days.
That investment made in December, the last month that could be made at 3 months, returned 70%.
S.N.