The latest measures taken by the Central Bank of the Argentine Republic (BRCA) with respect to the nominal income of 30-day fixed terms, was to increase it from 53% to 61% per year (TNA), that is, it increased 8 points percentages for constitutions of human persons for amounts of up to $10 million.
In this way, any saver who deposits $50,000 within 30 days will receive an amount of $2,540 following that period. However, it must be taken into account that the Central Bank raises the interest rate every month according to inflation, so that at the end of the year the amount might increase considerably.
The interest rate of the fixed terms that was paid until a few months ago was 4.4% per month. A figure that was below the inflation of each month, since in June it was 5.3% and in May it was 5.1%. Even the new monthly rate is below these percentages.
How many fixed terms can a person have
Currently, in Argentina there is no restriction regarding the number of fixed terms that a person can have. In this way, you can deposit your money in a fixed term as many times as you want, finding the best options that suit your needs at any given time.
How much money can you have in a fixed term
In fixed terms, you can deposit from $1,000 and there is no maximum amount of the amount that can be reached or with which this form of savings can be created.