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Friday, October 07, 2022

Banco Credicop Fixed Term: How much money do you make at a new rate if you invest $25,000 for 30 days

Following the interest rate correction made by BCRA, we help you calculate how much Banco Credicop now pays for a certain period. these are the numbers

By Pilar Wolffelt

29/07/2022 – 19,53hs

Banco Credicop Fixed Term: How much money do you make at a new rate if you invest $25,000 for 30 days

This Thursday, the BCRA increased the traditional fixed term rate by 8 percentage points and set it at 61%. Thus, a new scenario opens up for retail savers, who were already losing the incentive to invest their pesos in this type of instrument. delay in interest rate adjustmentWhich was last adjusted on 16 June. But, fortunately, this delay was corrected with a strong increase.

and that This rate adjustment was stronger than expected and is the highest by BCRA in recent yearsSo that Yield is slightly closer to inflation To find out in advance whether it is convenient for you to open a certain period, we help you calculate How much do you pay for this type of investment in one of the most chosen institutions by savers: Banco Credicop,

The BCRA once again improved fixed-term performance in the peso.

The BCRA once again improved fixed-term performance in the peso.

Fixed Term Banco Credicop: How Much Do You Earn Per Month

Now, a traditional 30-day fixed period yields a monthly average of 5.1%, with a nominal annual rate of 63%, so If you deposit $25,000 at Banco Credicop for 30 days, you’ll get a profit of $1,275. Thus, at the end of the first month, you will have a total of $26,275 in your account.

That is, if you do not decide to opt for the fixed term renewal. whereas, If you choose to renew it, you need to consider the effective annual rate, which reflects the return you get for renewing your investment month by month and interest for one year, and it is 81.3% at the moment .

Thus, at the end of twelve months, you would have a profit of $20,325, so you would have deposited a total of $45,325 into your account, with an average monthly capitalization of 6.8%. This is a rate level that is close to the inflation expectation of 90% per year, which some analysts say, although if one takes into account that from August onwards, it will be around 5% per month, then This is an interesting level of cost effectiveness.

With inflation, the peso quickly devalues.

With inflation, the peso quickly devalues.

Banco Credicop: How to Invest in a Fixed Tenure

you need to know Banco Credicop sets the minimum investment amount for a traditional fixed term of $1,000 and interest is paid at the end of the specified period (with a minimum of 30 days).,

Fix term can be done completely online using the tool Debin (Instant Debit) And it can also be renewed through the same channel through which the fixed period was established before the expiry of the period.

Banco Credicoup is one of the most chosen by the SME segmentThis is the reason why many employees in this sector collect their salary from that unit and it offers many possibilities of channels so that the user can make a fixed duration.

On the one hand, this can be done through the automatic means of the unit, which are:

  • Credicop Mobile: Mobile Application of the Bank
  • Internet Banking: What is Credicop’s Home Banking
  • Credicop Answer: Which is the customer service telephone line.

However, although customers and non-customers can establish a fixed term through these channels, there is also the possibility to do so at one of the physical branches.

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