Thursday, March 30, 2023

Fixed term: if you want to earn 130,000 pesos per month, this is how much to invest

With an investment that can be less than $2,000, you can already get a profit within 30 days of working in the bank.

Added to this context is the Central Bank’s measure to increase interest, which makes this type of investment one of the most viable.

Fixed term: what amount to invest to earn $130,000 per month

If the saver is trying to get an income of $130,000 in an average of 30 days, he will need to make an investment of $212,000. It is worth mentioning that the amounts vary according to the interest rate offered by the bank in which it is decided to carry out this operation.

Term defined: by recommendation of the Central Bank

From the official office of the Central Bank of the Republic of Argentina, a series of recommendations for all users who want to make a fixed term deposit for the first time.

  • The defined terms are compensable in pesos, this increases your security because it allows avoiding the transfer of money from one to another. When you present a compensable fixed term in another entity, the options that can be accessed are: to deposit it in another account or to establish a new fixed term.
  • The defined term has a marked return (rare interest), is simple, safe and contributes to the financing of bank customers.
  • Before choosing a bank to set up a fixed term, click on a fixed term rate from Home Banking or from an investment bank, the online media usually offer better interest rates.
  • The minimum amount for a defined term is about $1000.
  • The term defined operations can be done in pesos or in dollars, and certainly one or the other is different.
  • In general, the longer it is said, the more he is willing to pay in the bank. If it is determined that the money will not be needed for more than 30 days, consult the interest rates for several days, 60, 90, 180 and 360 days.
  • Certain conditions, which are taken at a higher rate than the reference rate, and which have had special incentives or compensation in addition to interest, are not guaranteed by the Deposit Guarantee Insurance.
  • Those terms fixed to a specific modality (eg precancellable, adaptable with CER clause, UVas, etc.) or those made electronically (by ATM, Home Banking, telephone, etc.) are not compensable, because it is necessary to Possess. to present a physical document to something.
  • Nation World News Desk
    Nation World News Desk
    Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
    Latest news
    Related news