2023-05-24 14:10:20
Inflation eats purchasing power day by day. The sureties offer rates of 6.8% per month and can be made for up to 24 hours.
With rates of 97% per year, time deposits are tempting to prevent inflation from eating away at income. But as the electoral campaign heats up and the lack of dollars forces the government to take heterodox measures up to 30 days can seem like an eternity.
In this context of high inflation mixed with volatility, there is a tool that allows you to protect short-term savings. Are the stock market securitiesa kind of daily fixed term that is done on the Stock Market and offered by almost all the investment platforms on the market (IOL, Balanz, PPI, Bull Market Brokers, among others).
One of the main differences between the traditional fixed term and the sureties is that “instead of lending money to the bank, it is lent to other investors and with considerably shorter terms. In general, the terms that operate the most are those of 1 to 7 days. Although the rates are usually below those of a fixed term, they have the flexibility of not having a maturity of 30 to 90 days,” explains Maximiliano Donzelli, Head of Research at IOL investoronline.
Currently, the nominal annual rates (TNA) of the sureties are 83%, which implies a return in the month of 6.8%. They are ideal for when you have a surplus that you know you will need in less than 30 days, or for money to “work” during the 4 days of the holiday, for example.
So, with the next long weekend on the horizon, if you invest, say, $100,000 from this Wednesday through next Monday, you can get almost $1,137 of interest.
Among the benefits of sureties, Donzelli highlights the high liquidity, the certain profitability (the rate is known when the operation is carried out. “From the beginning, the return on investment is known,” he explains.
It also stresses that the sureties are backed by titles that the policyholder provides as a guarantee of payment. “These titles are placed in a Guarantee Fund, established by the regulations of the National Securities Commission (CNV) and BYMA regulations. Said fund ensures that the underwriter is 100% covered in case of default”, clarifies the specialist.
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