Until a few months ago, with the intervention of Central Bank (BCRA), financial institutions were forced to offer a minimum return on investments with specific conditions and paid accounts, which led to all companies offering the same interest rate to their customers. However, last March, the highest financial authority began to gradually reduce the reference rate (today it is 40%) and abolished the minimum for banks and digital wallets.
Today, with the new market already in operation, there are countless options available. In fixed terms, for example, there are entities offering interest rates approaching 30% and others approaching 40%. Currently, the entity that pays the least among the entities reported to the BCRA is Masfintas BankAt a nominal annual rate (TNA) of 27%. If $100,000 is invested in this bank, a monthly return of 2.2% ($2,219 per month) will be obtained.
Interest rates at many banks range between 33% and 36%. SantanderFor example, it offers its clients a return of 33% per year, or 2.7% per month. With an investment of $100,000, the return is $2,712.
Currently, the financial institution that pays the most for a fixed term is Beca BankWith 40% TNA. In this case the monthly return exceeds 3% (3.3%). Thus, by depositing $100,000 for 30 days, a return of $103,288 is achieved ($100,000 initial capital plus $3,288 interest).
In recent months, fixed terms have lost their power compared to other forms of investment, including paid accounts. The fact is that, unlike the former, the alternatives offered by digital wallets have instant liquidity. This means that It is not necessary to leave the deposited money for a month. Or for a longer period, but it can be used at any time required. In addition, many companies offer rates similar to and even higher than those published by banks for specific periods and the profits recorded by customers are daily.
There are many options, but some of the most popular ones run rates between 33 and 42 percent. The one that currently pays the best is orangewhich offers its clients an annual interest rate of 42%, although it only pays the first $400,000 deposited. Although it is not necessary to leave the money, by depositing $100,000, you can get an interest return of $3,452 in one month. Of course, if the money from the account is used and the amount deposited decreases, the return becomes less.
The interest rate achieved in First (41%). In this case, the effective monthly rate (TEM) is 3.4%, thus generating a return of $3,370 per month for every $100,000 deposited.
The rate they offer is lower. Personal Payment (37%), Lemon (36%), n1u (35.5%), Payment Market (34.8%) and University President (33.9%), among others.
What can’t be known in advance is whether any of the options available, whether fixed-term or fixed-rate accounts, offer a high enough return to beat inflation. To confirm this, we’ll have to wait for the August Consumer Price Index (CPI) to be released by Indec. Right now, if inflation stays around 4%, no bank or cryptocurrency wallet will be able to offer a positive real return.
Of course, in the context of inflation, any form of investment is more appropriate than leaving the money completely stagnant.
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