US EditionVirtual Wallets Will Pay Less Returns From August on a Central Bank Decision
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6 Articles
The monetary authority made a decision for the common investment funds that will have a direct impact on the interests that virtual wallets are paying. Read more
The Central Bank (BCRA) seeks to equate the laces that are required of all instruments at a time when it needs to absorb weights so that they do not pressure it on the dollar, after the shooting that generated the end of the LEFI. In that train, it ordered that, since August, the percentages for money market funds and the bonds will go from 20% to 30%. The measure aims to prolong the term of the liquidity in pesos and affects the returns of the …
Channel C Returns on virtual wallets decrease: what changed and how it affects you Starting in August, having money in virtual wallets will be less profitable.The Central Bank (BCRA) formalized a decision that changes the conditions for the common investment funds (CIFs) used by these platforms, which will result in a decrease in the interest rates that users receive by keeping their balance available.The measure implies an increase in the manda…
New updated ranking of virtual wallets and banks that offer higher return on investments. Know all the detail.
The Central Bank will increase from 20% to 30% from August 1st the balance of the deposits in pesos in view of the common funds of money market investment. The measure will have a negative impact on the return of the remunerated accounts of virtual wallets, such as Mercado Pago, Ualá, Personal Pay and many others, since they place the money of their clients in those instruments. As they raise the lace, the return they will offer will be lower. T…
Virtual wallets will earn less in August. (Photo: Adobe Stock). The bank made progress in aligning the reserve requirements on deposits in Mutual Funds with those of other financial institutions. As a result, banks will pay lower rates to wallets that pass on these returns to their clients. Starting in August, the yield offered by virtual wallets on the funds in their accounts will decrease due to a decision by the Central Bank (BCRA). The bank'…
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