Overview
- Multiple banks trimmed payout levels through late December, pulling typical 30-day TNA down toward about 23.5% from near 35% seen at some lenders in early November.
- Rates vary sharply by institution, with recent quotes including Banco Nación at 23.5% TNA, Banco Provincia at 22%, Banco Macro at 25%, and Banco Meridian at 28%, while Banco Ciudad was around 20.5%.
- A $6,000,000 pesos placement for 30 days at a 23.5% TNA generates roughly $115,890.41 in interest, according to published calculations.
- On a $1,000,000 pesos 30-day deposit, Banco Nación pays about $1,250 pesos more than Banco Provincia at their latest posted TNAs.
- The central bank maintains a public table comparing banks’ effective monthly rates for 30-day fixed deposits to help savers assess current offers.