Invest in term deposits It is one of the safest and most accessible ways to grow your savings in Chile. This financial instrument allows you to deliver a sum of money to a banking institution, which retains it for a specific period, at the end of which the original amount plus the interest generated is returned.
What are term deposits?
Time deposits are an ideal option for those looking for secure profitability. One of its greatest advantages is predictability: invest In pesos, you can know from the beginning how much money you will get at maturity. In addition, there is the possibility of investing in Unidad de Fomento (UF), although in this case the profitability will depend on the value of the UF at the end of the period.
How do term deposits work at BancoEstado?
BancoEstado offers a simple platform to make time deposits, whether online, through the mobile application, or in branches. Investments can start from $5,000 through the app or $200,000 in offices, both in pesos and UF. This service is regulated by the Financial Market Commission (CMF), which guarantees security and transparency in each operation.
Profitability of $500 thousand in one year
If you decide invest $500,000 within 365 days BancoEstadoat maturity you will obtain a total of $523,725, according to the simulations carried out in the bank’s application. This represents an interest rate of 4.7% per year. This type of investment is ideal for those looking for passive income without taking on big risks.
Once the depositearly withdrawal of money is not allowed. This means that the amount invested must remain in the account until the expiration of the term, thus guaranteeing the profitability agreed upon from the beginning.
