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2h ago

Argentina’s Banks Cut 30-Day Fixed-Deposit Rates as Central Bank Posts New Comparison

Lower yields reflect deregulation that leaves rate setting to each bank, with fintech competition widening gaps.

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Cambios en el plazo fijo del Banco Nación
Con la nueva tasa de interés, una inversión mínima puede generar ganancias mensuales significativas.

Overview

  • The average 30-day TNA fell to about 32.1% from 36.9% in a week, according to surveys published on November 10.
  • The BCRA published an official bank-by-bank table of 30-day rates on November 10 to help customers compare offers.
  • Banco Nación notified the BCRA that it set its 30-day fixed-deposit rate at 33% after recent reductions from mid-October highs.
  • Rates remain dispersed, with major banks mostly in the mid-20s to low-30s TNA while digital and regional lenders advertise mid-30s.
  • Channel differences persist, with Banco Nación’s simulator showing 25.5% in-branch versus 29% through electronic channels for 30 days.