Before the high inflation that does not seem to give way in December and the data that is expected for January that would be above 5%the question arises again: traditional fixed term or UVA, which one is more convenient in this context of rising prices.
It should be noted that UVA fixed termsthat adjust for inflationThey are in decline and have accumulated six months in a row since the Sergio Massa at the Palace of Finance despite the fact that accumulated inflation since then it would be higher than 40%in the event that the data for January is above the 5.5%.
January inflation, very hot and February does not loosen
The reason for this drop in UVA fixed terms could be found in Massa’s decision to try to carry out the rates of traditional fixed terms to attractive figures for savers, something that he modified at the end of last year.
Therefore, a traditional fixed term, 30 days, obtained in the last months of 2022 a monthly yield of 6.25% against an average inflation of 5% in that periodwhich explains why the UVAs lost attractiveness and the placements of this instrument began to fall.
So which one is better?
Despite the fact that in the market it is taken for granted that inflation will remain at high levels this 2023. Both fixed terms offer different conditions regardless of the price increase.
The traditional fixed term allows recover the money in a much shorter period of time than the UVA (30 days), so before any dollar shot or a personal problem the waiting time is not that long.
UVA deposits are placed for a minimum of 90 days, during which time the money will not be accessible unless it is pre-paid, which will allow access to savings, but part of the accumulated profit is committed.
However, the rise in inflation puts the discussion back on the table, especially since the Central Bank seems to be there will be no upward changes in the interest rate for fixed termswith which the rise in prices would begin to consume the yield obtained.
What must be considered?
The inflation data that the INDEC would release next Tuesday for the month of January will be key to making the decision. In this sense, PROFIL consulted the appropriate financial advisor of the market Gaston Lentini.
“5.5% is very far from what Massa expected, with which, here is the first alarm, since in February when the parities open the data will take an upward trend. So, if we think, between the UVA or the traditional, I keep the UVA that will protect the purchasing power of the saver”, explained Gastón Lentini, financial adviser, in statements to this medium.
Strategy for higher performance
“One possibility is that the saver makes different UVA fixed terms, for example with a week apart, to have staggered maturities, that is, If we do this exercise within 90 days we have four maturities. There the wheel begins to turn and we will be able to choose whether to renew or notbut it will already be covered in inflammation ”, concluded the expert.
Stark warning: Food inflation accelerated in the third week of January
“Regarding the traditional fixed term, the rate that will result is less than inflation and there we are already losing purchasing power as investors and as savers; that is to say, If a traditional fixed term slips in today, when it expires I will be able to access fewer goods and services that I can buy today, which is not a good alternative at the moment”, concluded Lentini.
LR
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