There is one week left for the expiration of the term that companies have to deposit the Compensation and Time for Services (CTS). In this context, thousands of workers will have the possibility to withdraw 100% of this money extra, whose free availability, according to the law 31480, extends until December 31, 2023. However, there […]
Tag: savings
CTS 2023: which banks or savings banks pay you the most interest for saving your money?
In these days of May, thousands of workers they begin to receive Compensation and Time for Services (CTS) in their bank accounts. Due to Law No. 31480, approved in June 2022, the employees have the availability to withdraw this extra money until the end of 2023. However, if you are one of those who plan […]
Yape and Plin begin deployment phase
This Wednesday the 12th begins the next phase for the implementation of interoperability between the two most important digital wallets in Peru: Yape and Plin. Previously, on March 31, the transaction began with a limited group of 10,000 customers. Now, The expectation is to cover more than 12 million users of the two applications. all […]
Double-edged sword: what are the risks of the credit card minimum payment?
When used responsibly, a credit card can save you from a lot of trouble. On this long holiday, from April 6 to 9, due to the celebration of Holy Week, thousands of people take the opportunity to carry out more bills than usual. During this time, money plastics are an attractive option to pay some […]
How long would a Peruvian survive if they lose their main source of income?
The coronavirus pandemic severely hit the pocket of the family economy in Peru, where more than 70% of the labor force is informal, according to figures from the National Household Survey (Enaho). During this three-year period —interspersed quarantines and habitual political problems—, lThe purchasing power of citizens has been vulnerable to these emergency situations which, […]
AFP: How many withdrawals have you approved to date and which projects are requesting a new release of funds in 2023?
The COVID-19 pandemic brought, in addition to irreparable human lossesa severe contraction of the world economy. In our country, for alleviate this depressed situationwere approved extraordinary withdrawals from individual AFP funds. How many have been approved to date? and what new projects are on the inkwell that request a new disbursement during this 2023? We […]
Fixed-term deposit: which banks, finance companies and municipal savings banks pay the best rates in March?
who have a surplus money they usually save it under the mattress, in savings accounts, mutual funds or time deposits. In this note we offer you a bank tour so that you know which finance companies, municipal savings banks and banks — regulated by the Superintendency of Banking, Insurance and AFP (SBS) — best remunerate […]
If the bank or savings bank goes bankrupt, up to what amount can I recover my savings?
Have you ever wondered what happens if the bank to which you have entrusted your savings declare bankruptcy? It is necessary to know that there is a Deposit Insurance Fund (FSD), which is a financial backing in case the entity is declared in a state of dissolution and liquidation. Can you get all your deposited […]
AFP 2023: what is missing for the bill on a new withdrawal of up to S / 19,800 to materialize?
According to the legislative proposal, more than 8.9 million AFP affiliates would benefit from the new withdrawal of funds. Find out the steps that are missing to approve this initiative and how much the delivery of the first army would be. Great expectation has caused in the members of the Private Pension Fund Administration System […]
What happens if you use several credit cards at the same time and what is the ideal amount?
Credit cards offer us many benefits, but how recommendable is it to have several of these means of payment? Finance expert explains it. Credit cards offer us a range of benefits such as buy online or improve our credit history; however, misuse could be harmful to our finance. One aspect to take into account is […]