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3h ago

Argentina’s 30‑Day Peso Deposit Rates Fall as BCRA Posts Latest Bank‑by‑Bank List

With the rate floor scrapped, banks now set TNAs independently, creating a wide gap between big lenders and higher online offers.

Las tasas de interés de los plazos fijos volvieron a cambiar con el la continuidad de noviembre.
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Los bancos cambiaron sus tasas de interés y ahora para ganar $280.000 en un plazo fijo se modificó la inversión necesaria (Imagen ilustrativa).

Overview

  • The Central Bank on November 7 published an updated table of 30‑day fixed‑term rates, confirming a broad pullback in offers following the October 26 elections.
  • Large banks cluster in the mid‑20s to low‑30s TNA, including Banco Nación at 33%, Banco Provincia at 24%, Banco Ciudad at 28%, Santander, Galicia and BBVA at 27%, Macro at 33%, Credicoop at 29% and ICBC at 32.25%.
  • Smaller and online‑focused institutions advertise higher online yields, with examples such as Banco Columbia at 46%, Reba at 37% and Banco Voii at 36%.
  • Banco Nación’s simulator shows that depositing $1,500,000 for 30 days yields about $36,369.86 at a 29.50% in‑branch TNA versus roughly $40,684.93 at a 33% electronic TNA.
  • Rates vary by term and channel, with Banco Nación listing 33% TNA for 30 days and 31% for 60 days, and online placements typically paying more than in‑branch deposits.