how much the pesos yield for 30 days after the new rate reduction

After the ninth rate adjustment, banks slowly began to reflect the real decrease in yield by placing the pesos in a fixed term for 30 days.

This week, by surprise, the Central Bank reduced the rate by 10 percentage points and left it at 50%. This is the fifth casualty so far this year.

In terms of fixed terms, the biggest change occurred in March when the monetary authority, in addition to lowering the rate, decided to eliminate the rminimum performance for this instrument. Thus, each bank now offers different rates and thus seeks to compete with each other for the best return.

Fixed term: bank by bank, what is the TNA and the interest you pay per month

Mortgage: a nominal annual rate of 51%, that is, an interest for a fixed term of 30 days of 4.25%.

ICBC, City and Bank Julio: 50% (TNA), or an interest of 4.17% for 30 days.

Uala: 45% (TNA) or 3.75% monthly return

CMF: 44% nominal annual rate, or 3.66% per month.

Banco Galicia and Bank: 43% TNA, that is, a yield of 3.58%.

Macro, Regional, BICA and VOii: a nominal annual rate of 42%, or an interest of 3.50%.

Comafi, Del Sol and Tierra del Fuego: 41% annual nominal rate, that is, 3.42%.

Bapro, Credicoop, BanCor, Dino and Meridian: 40% (TNA), that is, a monthly return of 3.33%.

HSBC: 39% nominal annual rate, or 3.25%.

Santander and BBVA: nominal annual rate of 38%, or a monthly return of 3.16%.

BMV: with a nominal annual rate of 37%, that is, an interest of 3.08%.

savings fixed term finance investments interest rates markets guru vivo stock markets

The biggest change occurred in March when the monetary authority, in addition to lowering the rate, decided to eliminate the minimum yield for fixed terms.

Depositphotos

How much does it pay me if I deposit $100,000 or $500,000

That is, in case an investor wants spend $500,000 in a fixed term in May with the new annual nominal rate (TNA) of 40%, you will receive $16,438.36 of profitability once this operation is completed, with a final total return of $516,438.36. In the event that you want to place less, such as $100,000, will receive $103,300.