Fixed-term deposits are still one of the most attractive alternatives in our country to optimize the profitability of the savings of many Peruvians. Unlike other instruments in the financial system, one of its main advantages is its security and stability because the interest rate is agreed upon from the beginning and remains fixed throughout the […]
Tag: Financial education
What do I do if the entity where I have my savings goes bankrupt?
Lose them savings that they have in a financial institution would be a nightmare for anyone and, although a bankruptcy is not something that usually happens between banks, it has happened recently in savings banks and, soon, it could happen in cooperatives. For this reason, there is a Deposit Insurance Fund, which is updated every […]
Fixed-term deposit: where should you save your money: banks, savings banks or financial institutions?
At the beginning of February, the board of directors of the Central Reserve Bank agreed to cut the reference interest rate to 6.25%, marking the sixth consecutive month of a decrease of 25 basis points (bps). Despite this situation, banks and savings banks continue to offer attractive rates for fixed-term deposits, which are shown to […]
Recession: Tips for Managing Home Finances
Peru is in a stage of recession, which implies a slowdown of the economywith less investments, production, consumption and little job creation. To detail, It is a hard blow to the pockets of many families. Peruvians, who have increasingly less purchasing power and spending possibilities. In a panorama of uncertainty and considering that the end […]
Is it legal to charge a 5% fee on purchases paid by credit card?
Warehouses, stores and business premises have been implementing the possibility for customers to pay by credit card instead of cash. Although this facilitates the transactions of buy and sellmany times when users approach to make the payment they are asked that the additional chargewhich involves using digital media, is assumed by themselves. Thus, buyers should […]
Christmas 2021: what are the risks of buying indiscriminately using your credit card?
Without a doubt, the month of December not only brings with it the long-awaited celebration of Christmas Y New Year, purchases also increase and, consequently, expenses. For this reason, many times people do not measure their budget well and resort to the Credit cards, whose indiscriminate use can generate complications in our financial health. First, […]