The new inflation data much higher than expected in the previous projections and the sudden exchange unification due to the lifting of the stocks to the dollar disrupted the savers, especially those who bet on a Traditional fixed term or for leaving your money in a paid account of virtual wallets. So, to give more attractive to the pesos, this Monday the Banco Nación raised the rate paid for the deposits 7.5 percentage points, and already provides 37% Annual nominal rate (TNA), through its digital channels.
Therefore, From now on it offers 3.04% every 30 days, which is the minimum lace time that requires a fixed bank period.
This figure Try to compensate The news of the last Friday, when Indec spread that the March Consumer Price Index (CPI) past it was from 3.7% monthlya level that far exceeded 2.6% inflation planned for that period for the survey of market expectations (REM), which published the Central Bank days ago, based on a survey between 40 economists.
Also, the exchange unificationand consequent elimination of the stocks, where the price of the official dollar jumped on Monday from $ 1,098 to $ 1,230, which is equivalent to an increase of 11.7%, it can boost somewhat higher than expected levels for expected inflation for April and May.
It should be remembered that Until last week, Before the inflation fact and the lifting of the stocks are known, the rate for a placement in Banco Nación was from 29.5% per year.
Also the Creicoop Bank and Banco Galicia They uploaded their rate on Monday to 34% per year, while the rest of the entities remained in a range of between 26% to 30% annual nominal rate (TNA). That is, the maximum offered every 30 days is of a monthly effective rate (TEM) of 2.47%.
A range similar to that offered by digital wallets, such as Mercado Pago (26.8% annual), Pay personnel (27.7%) and orange xamong others.
Even younger banks began paying a higher rate than the BNA, such as the cases of the CMFwho chose to provide 38.5%and of Marivawith an income of 38% annual For 30 -day placements.
In addition, the Banco Nación increased interest for the lace period between 60 and 89 days to 37.25% per year.
Fixed term and wallets lose with inflation
The concern also around what will be the inflation of April and Maywith the changes in the exchange market announced by the CEPO elimination government and what will happen forward to these modifications. In fact, for the current month a higher level of CPI at 3.7% recorded in March is already expected.
In this sense, it is speculated with a “formal” rise in the interests of monetary policy reference, that the Central Bank set last January 31 at 29% of annual nominal rate (TNA), which at that time represented a reduction of 300 basic points.
According to one Source of a leading bank, “Fixed term rates have been rising and has all the logic for the increase in credits demand and the need for anchono, rather than for exchange modifications, since people could before buy dollar MEP. In fact, the dollar was more expensive than now. And, at the moment, it weighs more in the feature of fees the inflation data. Obviously, the real rates were negative“
And add to iprofesional: “I think the Rate should eventually uploadfor a real rate issue and for a subject of credits. “
“The rates will rise from the devaluation of the exchange rate, rather than in the hand of inflation. Consumer price index still has a long -term descent horizon If the current economic policies are maintained, but it is also true that it had been on a while around 2.5% and that this rise that interrupts the deflation will generate many doubts in the market, “he says iprofesional Martín KalosEconomist and Director of Epyca Consultores.
For its part, Fernando BaerQuantum economist, he already considered this rise in interest rates in the previous one: “We expect rates that could be 500 basic points, something that comes more because of the agreement with the IMF, but high inflation reinforces it.”
In this sense, Jorge ColinaIdesa economist, sum: “In April and May capable that inflation is above 3% monthly for exchange flexibility. Thus, fixed term rates may have to rise, with inflation, so as not to stimulate people with fixed deadlines to buy dollars, since now it can freely. Obviously the rates are going to rise, and they would have to rise above 35% per year. “
The banks, especially the little ones, uploaded the rates of the fixed term.
Fixed Term Nation Bank: How much you win now with $ 1 million
In case of Make a traditional fixed term in Banco Nación with an initial capital of $ 1,000,000, for 30 days and through the electronic channels, a total amount will be earned after that period of $ 1,030,411.
In summary accounts, 30,411 extra pesos will be won in a month With the capital placed in the aforementioned case, so this profitability represents a rate of 3.04% monthly, or 37% of TNA.
Establish a Traditional fixed term at Banco Naciónstate financial entity where they charge their state -owned assets, retirees and other beneficiaries, it is simple.
It is required as a requirement, first, a minimum investment of $ 500 in electronic channels, which are the BNA+ app and the web. It is allowed to make business days from 5 to 22 hours.
To start a placement, you must enter the official Internet site of the bank, to the section of “people“In the section of”investments“You have to select”Fixed term“
Also the “Electronic Fixed Term” It can be done by the BNA+app, Home Banking or any ATM of the Link network.
Another possibility is to bow to the option of “Fixed Web Term” for “No customers“Del BNA.
Or You can attend a branch of this state firm, where the minimum money required by this channel is $ 1,500, but the rate offered is much lower: 25.5% of TNA.
He traditional fixed term, With lower inflation projections, it is positioned as an instrument with positive income, although the escalation of the price of the free dollar is playing against.-
