Starting in the world of investments in Chile may seem like a complex task, but there are simple options and within everyone’s reach. One of them is the term deposits, an alternative that allows money to be placed in a financial institution in exchange for receiving it with the corresponding interests at the end of a given period.
According to the Commission for the Financial Market (CMF), the term deposits are “sums of money delivered to a financial institution, to generate interests in a certain period of time ”, which makes them a reliable and easy to understand option for those who just begin to invest.
A clear example of this option is the term deposits in BancoEstado, where it is possible to make investments with low amounts and deadlines that begin from 7 days. This flexibility allows Chileans to begin to invest gradually and according to their financial needs.
In addition to this, the access comfort through online banking and the Mobile BancoStado application further facilitates the investment option. Term deposits in this institution can be carried out both in pesos and in promotion units (UF).
-The key difference between both alternatives lies in profitability. While in deposits in pesos the final amount is fixed and known from the beginning, In the deposits in UF, profitability is adjusted according to the variation of the UF throughout the period of the deposit, which allows to protect the purchasing power against inflation.
How much money you earn if you invest $ 500 thousand to 30, 60, 90 and 120 days in BancoEstado
If an investment of $ 500,000 in pesos is taken as an example, Profitability will depend on the deadline chosen for the deposit. Below is a simulation of the profits obtained with different deadlines:
- Fixed term deposit at 31 days: Investment of $500.000 with an interest rate of 0.4030%. At the end of the deadline, the total to be received is $502.015with one $ 2.015 gain.
- Fixed term deposit at 60 days: Investment of $500.000 with an interest rate of 0.7800%. At the end of the deadline, the total to be received is $503.900 With one $ 3 gain.900.
- 90 -day fixed term deposit: Investment of $500.000 with an interest rate of 1,700%. At the end of the deadline, the total to be received is $506.000with one $ 6 gain.000.
- Fixed term deposit at 122 days: Investment of $500.000 with an interest rate of 0.4030%. At the end of the deadline, the total to be received is $507.727with one gain of $ 7,727..
- Fixed term deposit at 180 days: Investment of $500.000 with an interest rate of 0.7800%. At the end of the deadline, the total to be received is $511.400, With one $ 11,400 gain.
- Fixed term deposit at 364 days: Investment of $500.000 with an interest rate of 1,700%. At the end of the deadline, the total to be received is $523.054with one gain of $ 23,054.
As can be seen, By extending the investment period, yields grow proportionally, since the interest rate applied to each period tends to increase.
However, it is crucial to keep in mind that term deposits do not allow the anticipated withdrawal of capital. Therefore, investors must wait until the expiration of the deadline to access both the money invested and the interests generated.
