Overview

• Banco Voii now leads electronic offers at 59% TNA for 30-day deposits of at least $1,000,000, with 57% available for smaller amounts.
• Banco Nación maintains a split schedule, paying 34.50% for in-branch placements and 47.00% for online deposits.
• Major banks cluster in the mid-40s, with Macro at 48%, ICBC at 47.7% and Credicoop at 47%, while smaller and digital lenders post the highest promotional rates.
• Most quoted yields remain positive in real terms, outpacing August’s 1.9% monthly inflation and the 33.6% annual rate.
• Recent swings are tied to BCRA moves, including lower rates on short-term instruments and tighter reserve requirements, and analysts expect offers to ease from current levels.