To take advantage of the fact that the interest rate exceeds the inflation, the Argentines who have some pesos "in reserve" They have the opportunity to earn extra income for a traditional fixed term. For this, iProfessional has calculated how much you can earn with this tool, for example, in the Santander Bank, which is one of the private banks with the most clients.
Based on this assumption, they consider investing $50,000 in capital seed within an award period of 30 days, which is the minimum allowed by the financial system.
The main data to consider is that from mid-September of last year until today, a traditional CDD offers a nominal rate (ANN) of the 75%, which represents a return of 6.2% monthly, and in which they cannot access natural resources. people with resources who deposit amounts less than US$ 10 million.
The monthly percentage of this investment significantly exceeds the inflation of the last months, since the Index of Buyer Prices (CPI) stood at 5.1% last December, while in November of the last year it was 4.9%, according to data from Indec.
Fixed term: will inflation continue to rise above the next few months?
So the last monthly inflation data show that the returns to traditional fixed term they are positive. Because it's about one percent higher than the price in the economy.
The positive for savers is that the inflation should stay below the interest rates paid for bank implantations in the coming months, according to a recent survey by the central bank with a group of analysts.
The consensus of economists suggests that prices rise 5.6% in January and 5.7% in February. this is lower to 6.2% at 30 days offered by the traditional fixed term.
And if we take into account the Annual Effective Rate (TEA) From this type of deposit, which represents the renewal of the placement made each month plus accrued interest, for a consecutive year, the 107% in one year, which represents a rate theoretical monthly 8,92%.
Thus, it is possible to obtain an income higher than the expected inflation for the entire year 2023, which for economists it would be less than the 100%.
Banco Santander in installments: how much do you earn with $50,000
With the calculator in hand, the saver who, for example, has surplus R$ 50,000 for a traditional term investment in Banco Santander, if you make a constitution for a minimum period of 30 days, you will acquire capital after that established period a total of $53,100.
In short, in this case you will win 3,100 additional pesos per month, which can be used to pay some regular expenses.
The simple step by step to be able to deposit money in the traditional term begins with the selection of one of the several channels available in Santander Bank, What homebanking (official website) Y application for mobile phones and other mobile devices.
To access this tool, you must make a deposit of more than $ 500. The time you choose to match the funds for a refund may also vary from 30 to 913 days.
Whichever you choose between the main banks or the Santander app, the steps you must follow to create a traditional fixed-term contract are the following:
- When entering the bank's website, the first action to perform is to go to "Start", and in the section "Investments", go to the option "Fixed Location".
- After that, you need to go to the section “constitute a certain period”, where you need to enter the "amount" you want to invest, in direct relation to the money available in the account. You must also specify the desired number of days before the due date.
- After completing the above request, you need to “Continue”.
- To complete the bank placement steps, the platform aggregates all identified investment data to ensure no incorrect data has been entered. After this detail, you need to click on “Constitute” to complete the process. You have defined your fixed term in Santander.