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3mo ago

Argentina’s 30-Day Plazo Fijo Rates Recede to Around 40% as Banks Cut Yields

With rates now set bank by bank after BCRA deregulation, channel differences are stark, with top online promos near 46–48%.

Las tasas de los plazos fijos varían entre bancos. El Banco Nación, por ejemplo, paga un 43% anual
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El plazo fijo sigue rindiendo con las tasas elevadas.
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Overview

  • By Sept. 22–23, major banks had trimmed 30-day TNA offers to roughly 40–43% after early-September peaks near 50–58%, according to multiple rate lists and bank simulators.
  • BCRA’s comparator shows a broad spread of offers from about 30% to the high 40s, with VOII and Meridian near 46.5–48% and an isolated Banco Columbia listing at 50%.
  • Banco Nación highlights the channel gap, paying 43.0% TNA online versus 34.5% in-branch, which translates to about $17,671 versus $14,178 in 30-day interest on $500,000.
  • Reference benchmarks fell sharply earlier in the month, with the BCRA’s Tamar down to ~45.94% and Badlar to ~44.63%, helping pull retail deposit rates lower.
  • Despite the rollback, many TNAs still outpace August inflation, sustaining appeal for peso returns even as some savers look to bonds, funds or dollar MEP for currency protection.