Savers who seek to put $75,000 in a traditional fixed term, during a period of 30 days, can achieve an income greater than the free dollar. How much is it
By Mariano Jaimovich
08/06/2022 – 17,19hs
Given the proximity of the collection of the half bonus, those savers who have a few pesos to spare know that a fixed term it is a way to escape the loss of purchasing power that inflation brings. Thus, the question arises how much can you earn in one of the most important private banks in the country, the BBVA.
To do this, iProfesional estimated the performance to be obtained with a placement made with a Initial capital of $75,000 in a traditional 30-day fixed termwhich is the minimum time required to reserve the funds in this type of instrument.
Regarding the gain that is offered, as a parameter is the nominal interest rate (TNA) that the entire financial system is paying for the constitution of a time deposit, which is 48% since mid-May last.
This percentage implies that if the deposit is held for the base period of 30 days, it will be achieved earn a monthly return of 4%.
A figure that is located at a level similar to the rise that the official dollar rate throughout May, and also beats the price advance of the leading stocks listed on the Merval of Buenos Aires, an index that throughout June its performance is in “red” and that in the accumulated of almost half of 2022 barely manages to offer 7% rise. Almost the same as what a fixed term offers in just one month.
Even, It is monthly level income offered by a traditional bank placement is practically equal to the price increases faced by the financial dollars (MEP and cash with liquidation) throughout the current year.
Placing an initial capital of $75,000 at a fixed term in Banco BBVA, at 30 days, yields 4% per month.
BBVA bank fixed term: how much you earn with $75,000
In conclusion, the saver who seeks to constitute a BBVA bank fixed term 30 days by $75.000you should know that your capital will grow at a total amount of $78,000 in that brief period of investment.
That is, a figure that is equivalent to a gain for that capital in the period of a month of 4%, which represents about $3,000.
How to invest in a fixed term bank BBVA
In terms of operations, to set up a traditional fixed term in BBVA the following steps must be followed:
- You have to enter the home banking of the entity or also through ATMs of the signature, entering with the username and password.
- In addition, both clients and non-clients can establish it through the website of the banking firm.
- To do this, the data of the fixed-term “simulation” must be completed and then the data must be confirmed.
- “Once you enter, we will show you the data that you previously simulated so that you can confirm or modify it if you need it,” they explain from BBVA.
- The minimum amount required to place a fixed term in this institution is 1.000 pesos.
The fixed term can be made from electronic channels, and by placing $75,000 you can obtain a profit of $3,000 in a month.
Annual effective rate for fixed term
In short, the time deposits are one of the best investments of the first half of 2022, although the bad news is that its yield has been below inflation for months.
In the case of savers whose strategy is to renew their fixed term every 30 days, including the capital and interest obtained, for a period of a whole year, the Annual Effective Rate (TEA) is 60.1% per year.
This percentage is equivalent to having a monthly return of 5%a percentage that is similar to the inflation rate that is projected to have occurred throughout May (it would be 5.2%), and that it is estimated that it could be equal to the June price rise.
According to the last Survey of Market Expectations (REM), survey conducted by the Central Bank among economists, the retail consumer price index (CPI), could be 5% in June, 4.5% in July and 4% in August.
If these predictions come to pass, the fixed terms would take on a greater appeal for savers in pesos.