One of the most frequent questions that Colombians ask when deciding what to do with the extra money they receive with the mid-year service premium, It is which of all the alternatives on the horizon is the most appropriate to generate profitability with these resources.
Whether it is the stock market, buying real estate, starting a business or saving it in a savings account, the most important suggestion is to prevent these resources from becoming pocket money and even if it is not invested, At least it is used to pay debts and thereby strengthen personal finances.
CDT
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Among all the options offered by the market, there is one that is the favorite of the most cautious, since it implies a very low risk and additionally allows those who use it to earn considerable profitability, although complying with certain parameters that are agreed upon with the entities that they provide them.
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Term Certificates of Deposit, better known as CDT, They are a contract between a financial entity and an investor, in which the interested person deposits a sum of money for a specified period, as loans, in exchange for a defined return. CDTs are a conservative way to invest and earn a fixed profit.
CDT.
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According to Tyba, one of the great advantages of investing in a CDT is that, in Colombia, these deposits have Fogafín insurance, which protects up to $50 million of the money deposited in the event of an eventual liquidation of an entity. registered financial institution.
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“Investing in a CDT, although it is low risk, must be done conscientiously and in an informed manner. For this reason, today, there are different types of simulators that allow you to know the different returns that a certificate offers. term deposit depending on the amount and term,” experts said.
What does profitability depend on?
One of the biggest fears of those who seek to invest is that the money they put up for rent will be lost and no one will answer them for money that, although it may not be necessary for day-to-day life, there is not enough and sometimes it is the result of months or years of efforts. However, according to BBVA experts, with CDTs it is very difficult for this to happen.
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“One of the advantages of investing money in a BBVA CDT is that you will be sure that your money is safe in a serious institution, which is also protected by the Fogafín deposit insurance that returns money to depositors in the event that the bank is liquidated,” they explained.
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Regarding how CDTs generate profitability, BBVA explained that this depends on the amount of money that is deposited, the time that that money remains in the bank and the market conditions at the time the CDT is acquired.
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“That means that if you decide to invest money in a Long Term CDT for more than a year you will obtain better profits than if you do it for a few months in a Traditional CDT. In addition, depending on your choice, you can receive the profits month by month and manage them through our BBVA net digital channels and BBVA App, or upon expiration, that is, when the agreed time ends; another of the advantages of CDT Online that prevents you from having to go to the bank, make withdrawals and waste time on procedures,” they indicated.
Colombian pesos.
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Which are the most profitable?
To find out this information, Portafolio consulted the databases of the Financial Superintendency of Colombia, in the section that shows the characteristics of Term Deposit Certificates and found that the first place is for Serfinanza, which has an effective annual rate of 12 .07% and minimum investment amount of $300,000.
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In second place appears Banco Contactar, with an effective annual rate of 11.81% and minimum investment amount of $500,000 and from then on appear Banco Pichincha (annual effective rate of 11.55% and minimum investment amount of $100,000), Banco GNB Sudameris (annual effective rate of 11.55% percent and minimum investment amount of $500,000) and the Ban100 (annual effective rate of 11.40% and minimum investment amount of $250,000).
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