The Ministry of Finance and Public Credit (SHCP) announced that Mexican savers will be able to open a Cetes Directo account through the branches of Financiera del Bienestar (formerly known as Telecomm), with the aim of providing the population with more savings and investment options in government securities.
Cetes Directo is a platform that the federal government launched in 2010 so that people can invest in Treasury Certificates and government bonds, without the need for intermediaries or large amounts of money to do so.
Since the rise in interest rates by the Bank of Mexico (Banxico) began, interest in investing in Cetes has grown, due to the attractive yields they offer, above inflation.
In mid-February 2023, Cetes Directo registered 1.23 million contracts, about 100 thousand more than at the end of last year.
In 2022 alone, this platform added 365,725 new individual investors.
In a statement, the SHCP indicated that, since February 16, the 107 branches of Financiera del Bienestar added the new Cetes Directo service for the general population.
These are the requirements to open a Cetes Directo account at Financiera del Bienestar:
- Be over 18 years old, present original and copy of official identification (INE or passport).
- Have the card number or interbank code of the debit card.
- Fill out a universal format that the person in charge of the window will provide you.
Likewise, the user must choose how his first investment will be and whether or not he wishes to have recurring savingswhich can be weekly, biweekly or monthly, and can be made by transfer to your account number, on business days and hours.
The dependency listed some benefits of investing in Cetes Directo:
- There is no opening cost.
- There is no penalty.
- All investment options provide the highest returns in the market.
- It is the safest way to keep savings without losing value.
- Absolute control over terms, amounts and withdrawals of resources.
You can check the branch of Financiera del Bienestar closest to your home at the following link: https://www.gob.mx/telecomm/prensa/apertura-cuenta-cetes-directo
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