Loss time deposits (DAP) These correspond to savings instruments that allow you to earn interest on the amounts held by the bank, without the risk of loss.
These mechanisms are regulated by the Central Bank and the Commission for the Financial Market (CMF) and its uniqueness is that the profits (interest) to be received are known from the moment the investment is made.
Time deposits have become very popular amid inflation, but the decline of Monetary Policy Interest Rate (MPR) of the Central Bank which is why they are now delivering less income than in previous months.
What will be my profit if I invest $500,000 in 30 days?
on Meganoticias.cl We show you how much you can profit when you invest $500,000 in 30 days in a fixed-term deposit, and in different banks operating in Chile:
Bank A
- Length of investment: $500,000
- Term of days: 30 days
- Time Rate: 0.88%
- Interest earned: $4,400
- Amount to be raised: $504,400
Banco B
- Length of investment: $500,000
- Term of days: 30 days
- Time Rate: 0.86%
- Interest earned: $4,300
- Amount to be raised: $504,300
Banco C
- Length of investment: $500,000
- Term: 30 days
- Time Rate: 0.75%
- Adult Interests: $3,750
- Amount received: $503,750
Bank D
- Length of investment: $500,000
- Desired term: 30 days
- Time Rate: 0.74%
- Interests: $3,700
- Final value: $503,700
Bank E
- Length of investment: $500,000
- Term: 30 days
- Time Rate: 0.72%
- Adult Interests: $3,600
- Total maturity fee: $503,600
In the previous examples, you can see that the interest rate, in most banks, varies between 0.7 and 0.8%. However, in bank E, the amount invested gives a lower profit than the competition.
People interested in making a time deposit can do so through their bank’s website, in the investment section.
In the case of those who want to imitate the profit of a fixed deposit they have the option to write down the amount and term of the investment, which can reach up to 360 days in some institutions.
