With inflation out of control and traveling at a rate of 8.4% per month, it becomes increasingly evident that havingpesos "still", without spending or investing in some way, is equivalent to losing money.
Even if they remain in the wallet or bank for only 5, 10 or 15 days, when it comes time to use them, what you buy will probably have already been remarked. Prices are now rising about 2% per week on average.
To mitigate these losses, a tactic that continues to gain ground is to shelter the money – as soon as it is collected – in one of the accounts that offer daily interest just for leaving pesos in them, without prefixed terms of permanence.
In some cases they are remunerated savings banks with a guaranteed fixed rate. In other cases they are virtual wallets that make it easier to invest silver in mutual funds with predictable returns (although not 100% insured).
The interest obtained by these accounts rose in recent weeks, in line with what has happened throughout the financial system. And now what they pay is equivalent to nominal annual rates (TNA) of between 75% and 80%, depending on the case.
For example, if the TNA is 79% and all interest is reinvested, $ 50,000 deposited today will become $ 50,762 after 7 days (1.5% more), $ 51,648 after 15 days (3.3% more) and $ 53,350 after 30 days (6.7% more).
It is less than the 8% per month that currently yields a traditional fixed term, but in return the "microinvestment" does not require immobilizing the silver for 30 days: the money is always available and can be withdrawn, spent or transferred instantly as needed.
What are the six accounts that are now remunerating the balances, how do they work and how much do they allow you to earn? Next, one by one, the details.
1. Personal Pay
A new option to receive daily earnings for the balance in account.
The virtual wallet of Personal -open to customers and non-customers of that company- allows since this year to invest the money of the account in a common fund called "Delta Pesos", which yields daily returns.
Once the option is activated in the app, Personal Pay begins to remunerate the user's balance every 24 hours by applying a variable rate that is updated every day according to the profitability obtained by the fund.
The current rate appears in the application: this Monday, for example, a TNA of 79.4% governed. More data, here.
2. Orange X
The free account offered by the fintech Naranja X began this Monday to remunerate day by day the balances in pesos of its users (up to $ 200,000) with an insured TNA of 78%.
To access the benefit, which will continue at least until June 30, you have to activate it in the app by touching a button on the main screen. More data, here.
3. Ualá
The virtual wallet of the fintech Ualá, from its "Investments" section, allows you to start investing money from the account – the desired amount from $ 1 – in a common fund called "Ualintec Ahorro Pesos".
The money will then be generating returns day by day, until the user decides to "release" it. In the last month the interests were equivalent to a TNA of 78.5%, reports the company. More data, here.
Once the Ualá investment option is activated, the silver begins to generate interest.
4. Payment Market
The money you have in Mercado Libre's virtual wallet can also be invested in a common fund that credits interest on a daily basis without tying up the funds.
The option has been generating, according to the app, interest equivalent to a TNA of 76.3%. To start taking advantage of it, you have to activate the option in the app, entering "Your money". More data, here.
5. Supervielle
The Supervielle bank added in April to its app a new function called "Quick Investment" that allows in a couple of taps to invest money – from $ 100 – in a common fund with daily interest. In the last month the yield was equivalent to a TNA of 74.5%, according to Clarín.
In case of needing the silver, this fund allows the user to recover it immediately during the 24 hours. More data, here.
6. Bica Bank
Bica offers savings banks with yields of up to 75% per year.
This entity allows you to open online a remunerated savings bank called "Positive Account", in which the money that is deposited will generate -just for being there- interest equivalent to TNA rates of 70% to 75%, depending on the amount.
The rate is applied each day on the balance and the sum of all winnings will be credited to the account every 30 days, on the second business day of the following month. More data, here.
MDG
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