To obtain a paid account, you must register with your real data on a platform or app; it is recommended that they be well-known entities with a track record. They will provide you with a virtual wallet, you deposit your money, and the entity is in charge of managing the money by making investments in different financial assets, and in exchange you obtain a daily return.
In countries that have inflation, it is a not inconsiderable way, so that the money is not devalued, having it stored in a savings account of a traditional bank.
Advantages of a Remunerated Account
- They are generally free, there is no opening cost, maintenance, or commissions.
- While it generates interest, you can add or withdraw the money you have available at any time, as long as it is a business day of the week.
- As it is a virtual wallet, you can pay your bills from the same platform and the remaining money continues to generate interest in your favor.
Differences between Remunerated Account and traditional bank Fixed Term
As I mentioned previously, in a Remunerated Account you have your money at any time.
In the long term, perhaps the Fixed Term pays a little more interest, but the money is immobilized for a certain time, depending on the conditions of the fixed term, which could be 30, 60, 90 days or a year.
Remunerated Account Options
Prex
Prex offers returns with an APR of 104%, an excellent option to not have your money tied up.
By activating your balance, you receive earnings just for keeping it in your account. From $1000 it already generates interest.
Payment Market
Generate daily returns at 99.3% TNA with the money you invest through your account.
Not only adults can generate money, with parental authorization, minors can also invest their savings.
Invest Online
The stock broker IOL Invertironline not only allows you to buy and sell shares, cedars, and bonds, it also offers a paid account with a TNA in pesos of 44.36%
Remunerated account without expenses or commissions that anyone can open, with a 5-minute online procedure, to start generating daily interest with the amounts.
Uala
TNA of 64.1%, according to the latest data collected.
Called "Ualintec Ahorro Pesos", the Ualá virtual wallet makes it easy to invest money in a common fund that provides daily returns.
Orange
It offers an assured TNA of 65%.
Apart from having a free savings account with CBU and a debit card, it stands out for being an option that pays a very good rate.
Personal Pay
The current rate can be consulted in the app, the latest data obtained is a TNA of 63.7%
Personal's virtual wallet, available to clients and non-clients, allows users to access a common investment fund called Delta Pesos.
As a final conclusion... is it worth having a high-yield savings account? Of course, in a savings or checking account, your money is stagnant and doesn't generate anything, at least not for you, whereas with a high-yield savings account you are generating daily interest. It's a good option if you're unfamiliar with investments, such as buying and selling stocks, bonds, cryptocurrencies, and many other options.
Disclaimer: The information presented does not constitute financial, investment, commercial or other advice and is solely the opinion of the writer. By using the information on this site, you agree that we are not responsible for losses, damages or injuries arising from the use or interpretation of the information.
