In Mexico, various institutions offer returns for opening an account to attract savers. The Bank of Mexico has decreased its interest rate in the past year, leading banks, fintechs, and sofiopos to reduce the returns for savers. In this situation, it is essential to choose where to allocate savings to obtain the best benefits.
One of the most popular institutions for savings, Nu, has decreased its returns to 12 percent since January of this year. Additionally, fintechs and the Federal Treasury Certificates have also lowered their interest rates. Therefore, it is important to know the available options and which suits you best.
The yield to maturity (YTM) rates measure the expected profitability of an investment until its maturity date. These rates are based on the present value of the investment, future cash flows, and the maturity date. For example, if you save a thousand pesos and the interest rate is 10 percent per annum, at the end of the term you will receive your investment plus the generated interest.
In the Mexican market, there are various options to generate returns. Cetes offer attractive interest rates at different investment terms, from one month to one year. On the other hand, companies like Mercado Pago and Klar also provide investment opportunities with variable returns depending on the amount and term chosen.
Klar, one of the new companies in the market, presents various investment options with fixed annual rates. For its part, Nu offers fixed annual returns at different terms, such as short- and long-term deposits. Stori is another option that promotes its savings service with different terms and attractive returns.
In summary, if you are looking to generate returns with your money, it is essential to analyze the different options available in the market to choose the one that best fits your needs and financial goals.
