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Argentina’s 30-Day Plazo Fijo Rates Ease to About 43% as Banks Reprice Offers

The pullback reflects post-deregulation recalibration in a market showing sharp differences between banks.

Overview

  • The average TNA for 30-day fixed-term deposits is now near 43%, down from roughly 47% last week, per newly published bank rates.
  • Banco Nación is listing 43% for 30-day placements, while other major institutions generally show offers in the mid-30s to low-40s.
  • Rate dispersion persists, with some smaller or digital banks still near or above 50% TNA, including Banco Voii and Banco del Sol at about 55% in the latest BCRA table.
  • At a 43% TNA, a $1,800,000 deposit for 30 days earns approximately $63,616.44, and $850,000 yields about $30,041.10 at maturity.
  • The BCRA provides a daily comparison of TNA and TEM by bank that lets savers verify current online rates and estimate 30-day returns.