2023-11-28 20:00:00
Since October, by order of the Central Bank of the Argentine Republic (BCRA)fixed terms of up to 30 million pesos made by human beings, have a floor annual nominal rate (TNA) of 133% for 30-day deposits.
For its part, the annual effective rate (TEA) becomes 253%in the event that the capital and interest obtained are reinvested every 30 days every month.
In this way, the monthly effective yield of deposits in pesos 30 days becomes 11.08%.
An easy explanation to know how the Leliq were born and how to “disarm the bomb”
How much do I earn if I invest $500,000 in a fixed term of 30 days
If a person did a fixed term for 30 days of $500,000, At the end of the term you will receive $554,658 that arises from the $500,000 that you had initially deposited plus an interest of $54.658.
If the fixed term were renewed for another 30 days, $615,290 would be obtained, resulting from the $554,658 added to $60,632 of interest.
How much do I earn in a year if I invest $500,000 in a fixed term?
If the fixed term were renewed monthly with the same interest rate, After 12 months you would have $1.765.000.
Fixed terms: what can savers expect following Milei’s triumph?
The reasons for the rise in interest rates
The monetary authority determined the increase in the economy’s interest rate to consolidate a trend of what they consider a falling inflation, “limit the financial volatility observed during the electoral period and favor the accumulation of international reserves.”
“The interest rate policy of the Central Bank seeks to promote positive real returns on investments in local currency, in order to preserve monetary and exchange stability”indicated the entity.
In its statement, the Central stated that will continue to monitor the evolution of the general price level, the dynamics of the exchange market and monetary aggregates for the purposes of calibrating its interest rate and liquidity management policy.
LM CP
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