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yesterday

Argentina’s 30-Day Peso Deposits Show Wide Split as Smaller Banks Top 50% and Majors Reprice

Post-deregulation competition is producing sharply different 30-day returns across the market.

Con tasas de hasta 55%, los plazos fijos continúan ofreciendo importantes rendimientos (Imagen ilustrativa).
Los bancos mejoraron las tasas de interés de sus plazos fijos y ahora los rendimientos de varias entidades rozan el 60% anual.
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Overview

  • Recent listings show several regional and digital players quoting 50%–55% TNA, with reports of Banco Voii reaching 59% for deposits from $1,000,000.
  • Large banks have reset offers into roughly the 40%–48% range, while Banco Nación displays a pronounced channel gap of 34.5% in branches versus 47% online.
  • Outlets cite Bica (≈55%), Del Sol (≈55%), Meridian (54.5%), and Tierra del Fuego (54%) among the highest advertised rates, with Hipotecario near 49%–52.5% depending on segment.
  • Analysts link the dispersion to BCRA policy shifts since rate floors were scrapped, with reserve requirements and recent changes to liquidity tools influencing banks’ funding costs and pricing.
  • With August CPI at 1.9% monthly (≈33.6% y/y), many current TNAs offer positive real returns, and the BCRA’s daily TEM/TNA table lets savers compare offers and place digital deposits as non-clients.