PRLV (Pagares con Rendimiento Liquidable al Vencimiento): Who Qualifies and What You Get
Learn how to earn a fixed interest rate on your savings through these short-term bank promissory notes in Mexico.
This scheme allows you to invest your money in short-term promissory notes issued by banks to earn a fixed return.
Who it's for
This is designed for individuals who are looking for short-term ways to earn a fixed amount of interest on their money.
What you get
When you invest, you receive a fixed interest rate for a specific period of time. You can choose terms such as 28, 91, or 182 days, depending on how long you want to keep your money invested.
What it costs you
There is no direct fee to join, but different banks have different requirements. You may need to maintain a specific minimum balance to keep the account open or to qualify for the investment.
The catch to know
These investments are meant to be held for the full term you choose. If you decide to withdraw your money before the term ends, you will likely lose the interest you were promised.
How to apply
- Research different commercial banks to compare their interest rates and terms.
- Check the minimum balance requirements for each bank.
- Visit a bank branch or use their official digital banking platform to open the investment.
- Select your preferred term length and the amount you wish to invest.