Particle.news
Download on the App Store

Argentina’s 30-Day Plazo Fijo Rates Slide to Mid-20s as Bank Offers Diverge

Deregulation left banks free to set their own TNAs, prompting savers to compare payouts using the Central Bank’s published rate table.

Overview

  • Most headline 30-day rates now cluster near a 23.5% TNA after cuts in recent weeks, down from offers near 35% in early November.
  • Public banks show a gap: Banco Nación posts about 23.5% TNA versus Banco Provincia at roughly 22% TNA.
  • On a 1,000,000 pesos deposit for 30 days, Nación pays about 19,583 pesos versus 18,333 pesos at Provincia, a monthly difference near 1,250 pesos.
  • At 23.5% TNA, placing 1,200,000 pesos for 30 days yields about 23,178 pesos in interest, while several private institutions list higher TNAs of 27%–28%.
  • The BCRA’s comparator shows Dec. 26 listings such as Meridian at 28%, Macro at 25%, and Ciudad at 20.5%, with updates possible after the Dec. 24–25 banking pause.