If this year the goal was set savingIn the financial market there are a number of instruments that will help you meet your goal.
The manager of Products and Means of Payment of Banco Pichincha, Ricardo Kanna, explained that one of them is the Deposit to Fixed Place (DPF). The profits obtained will depend on the amount that is allocated and the period of time of the contract.
“With other financial instruments, although the profit rates – on paper – may be larger and withdrawals can be made at any time, there is also the risk that minimal profits will be generated if a crisis context occurs,” assured.
It also takes stock of the advantages of the DPF.
INTEREST. it provides an invariable investment growth rate, which does not depend on the changing situation and its ups and downs.
AMOUNT. The percentage of interest that the financial entity offers depends on the amount that is deposited and the withdrawal term that is agreed. Thus, the higher amounts and terms, the better rates.
MEDIUM AND LONG. This investment proposal is ideal for large investments in medium and long-term plans such as the first car, a property, or study plans.
In the same way, it must be taken into account that the money deposited will not be available during the period of time agreed with the entity. However, it is possible to pay penalties that have been provided in the contract, in order to make a partial or total withdrawal before the date.
