fixed term vs. virtual wallet: with the new rate, how much do you earn for leaving pesos and which one is more convenient

Faced with record price increases, many are wondering what to do with pesos they

.

What to invest them in to protect their purchasing power, even in part.

If the plan is to stay in national currency, the most traditional resource is to make a

: leave the money in a bank for a predefined time,

, to recover it later with a profit or interest.

Another option that has been gaining popularity is to simply transfer the money to one of the 

that allow you to generate

 just by having a balance.

In both types of investment, 

interest

 recently increased.

But how much can you earn now with them, in specific amounts?

What

 should be taken into account in each case?

And what chances do they have of beating inflation?

In this note,

, the updated answers and

to compare and decide.

The Central Bank ordered banks to pay more for fixed terms.

Photo: Juano Tesone.

Fixed terms: how much do they yield with the new rate

As of Friday, April 21, by order of the Central Bank (BCRA), those who deposit up to $10 million in any bank in the country began to be rewarded with a minimum nominal annual rate (TNA) of 81%.

Before that floor was at 78% and until March 18 it had been 75%.

What does the new rate imply?

That if the fixed term is made to

-the minimum available-, after that period the saver will recover the invested capital

 of that amount (prior to the change, it yielded 6.41%).

For every 

deposited, the bank will add 

.

Thus, rounding up, and according to the

official Banco Nación

-Whoever deposits

will get

in one month: they will have earned

(before it was $1,282).

-Whoever deposits

will be able to withdraw

in one month: they will have earned

(before $3,205).

-Whoever deposits

will receive

in one month: they will have earned

(before $6,411).

Virtual wallets: how much do they pay now for having pesos

Investments can be easily made from your cell phone.

Photo: File.

If the money is instead transferred to "wallet apps" such as Naranja X, Mercado Pago, Ualá or Personal Pay, it can be chosen to

, generating returns that, depending on the case, today range from

to

.

That translates -for those who are reinvesting the interest instead of taking it out- in a specific profit of

.

It is a little less than what a fixed term yields (81% of TNA and 6.6% per month), but in return this type of "microinvestment" does not

the money for at least 30 days.

In fact, it doesn't work with predetermined deadlines.

Interest

 and the money (principal plus interest) is 

.

So the person can instantly

the amounts they want, at any time, without waiting or any penalty.

Naranja X

, for example, began in April to remunerate the balance in pesos of the accounts (up to $200,000) with an

, which is applied every midnight.

Previously they did it at 65%.

With the new rate, as indicated to

in that fintech,

becomes:

-At

 the 

(0.18% more).

-At

after

(1.3% more)

-At

after

(2.8% more)

-At

at

(5.6% more).

The other wallet apps mentioned do not apply a fixed rate, but instead make it easier for the user to invest their pesos in a

that yields

, although not insured in advance.

With this method, savers have been generating daily returns equivalent to annual rates of

in Mercado Pago,

in Ualá and

in Personal Pay, according to what each of the companies reports.

In some accounts, silver is invested and earnings are credited daily.

Photo: File.

Faced with inflation, a partial refuge

The 6.66% profit now offered by a bank fixed term could

to protect purchasing power.

And it is that, according to many economists, in the

prices could

.

"Both for

and

we are forecasting an inflation rate in the area of

, so

at this time to invest in a traditional fixed term," Santiago Manoukian, head of Research at the

consultancy , told

. .

also

calculates that April will close at

for May

, which would leave a fixed term established today very close to falling into "

" in the face of inflation, according to Sebastián Menescaldi commented, associate director of that firm.

In this scenario, for those who want to invest in fixed terms, the suggestion is to turn to the UVA modality, which ensures a return

for the period  ,

, and even slightly higher (they add a 1% TNA).

But the 

is

.

type investment funds

, meanwhile, are recommended to cover pesos only for 

(for example, what is charged at the beginning of the month and will only be spent 7, 13 or 20 days later). or in which it is very important to have them available.

"The rate is lower -said Menescaldi-, but at least 

in a very simple way, instead of leaving it thrown away losing value with inflation."

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