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Argentina Updates Official Plazo Fijo Table as 30-Day Rates Settle Around 20%–30%

Online channels now usually pay slightly more following last year's deregulation of minimum deposit rates.

Overview

  • The BCRA on December 15 published the latest comparator of 30-day peso fixed-term yields across banks.
  • Major institutions cluster near 20–24% TNA, including Nación 22.5% online, Provincia 22%, ICBC and Macro 24%, and BBVA, Galicia and Santander 21%.
  • Banco Nación applies 22.50% TNA for digital deposits versus 20.50% for in-branch operations, illustrating channel-based differentials.
  • Several smaller or niche players post higher TNAs in the mid-to-high 20s, with listings such as Meridian 27.5%, VOII 27% and Crédito Regional 27.5–29.5% depending on channel and listing.
  • At current yields, a digital 30-day plazo fijo of $290,000 at Nación returns about $5,363, and a simulator estimate indicates roughly $2.75 million is needed to earn $50,000 in a month.