Monday, December 11, 2023

New Fixed Term Rates: How much will I earn if I deposit $137,000 in a month | The first television

Before committing to a fixed term, check the interest rate from different companies to decide on the best interest rate offer.

Before committing to a fixed term, check the interest rate from different companies to decide on the best interest rate offer.

He Central Bank of the Argentine Republic (BCRA) maintains the interest rate on fixed deposits. It is 9.8% over a period of at least 30 days. If higher performance is desired, this must be achieved with constant renewal.

The annual interest rate for fixed terms up to $30 million is nominally 118% as of the latest update.. The fixed term interest rate is the percentage that tells you how much money your loan will earn you. investment in the bank, although you have to take into account today’s dollar and inflation to know if the performance was positive.

More specifically, Indec reported August inflation at 12.4 percent, well above the return on a 30-day fixed term, which is 9.83 percent of the nominal interest rate.

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Analysts and private consultants expect inflation to remain above double digits in September, meaning nominal interest rates will be negative in real terms.

How much will I earn if I deposit $137,000 with a fixed term of 30 days?

The savers You could earn around $13,426 per month You make a term deposit of $137,000.

Fixed term: How do I calculate how much I should invest to make profits?

The vast majority of banking companies in the Argentine Republic have a fixed-term simulator on their website.

There, each user can specify how much money they would like to invest and for how long they would like to do so. The term simulator calculates the profit that will be made when the money is invested.

Fixed term: How many species are there in our country?

There are four different types of Fixed deadlines. The main differences lie in the period of time in which the money can be invested, the type of currency or the needs of each individual saver. The options are:

  • Traditional fixed term: In this case, the period can vary between 30, 60, 90, 180 or 365 days. After this period, the investor receives back the money he invested plus the corresponding interest.
  • UVA fixed term: The saver can only make the deposit for a period of 90 days. The money invested is converted into purchase value units to generate interest. At the end of this period, the money will be converted back into pesos and refunded.
  • Pre-cancellable UVA fixed term: It is the same as the previous one, but with the difference that it can be canceled before the end of the established period, provided that the bank is notified 5 days in advance.
  • Fixed term with periodic interest in pesos or dollars: It can be done in both pesos and dollars and for a period of at least 60 days. The difference to the other variants is that the saver can collect interest every 30 days.
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What is the best way to invest with a fixed term?

It’s important to highlight this If you set a fixed term, you only need to choose a term of 30 days and extend the investment plus interest my a my.

For example If a fixed term of $200,000 for 30 days is agreed, interest of $19,600 will be added to the initial amount at the end of the term This means you will receive a total amount of $219,600.

If at the end of this period a new fixed term of 30 days is agreed with the previously received $219,600, the amount received at the end of the month will be $241,120.

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On the other hand, If the deposit of $200,000 is for 60 days, without reinvestment, the saver would receive an interest-bearing amount at the end of the period $239,200.

Nation World News Desk
Nation World News Desk
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