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1h ago

Argentina’s Banks Lift 30-Day Deposit Rates to 50%, BCRA Table Shows

BCRA policy shifts triggered a rate race across banks.

Tras los cambios en las tasas de interés, ahora es más fácil ganar $560.000 con un plazo fijo (Imagen ilustrativa).
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Overview

  • The central bank’s August 22 comparative table lists Banco CMF with the top 30‑day TNA at 50%, with ICBC at 46.3%, Galicia and Macro at 45%, Nación at 44%, Provincia at 43%, Santander at 38% and Ciudad near the mid‑30s.
  • Rates vary sharply by channel, as Banco Nación pays significantly less in‑branch than online, with Los Andes citing 27.5% TNA presencial versus 34.5% for electronic placements.
  • The dispersion translates to monthly yields of roughly 3.2% to just over 4.1%, with El Cronista’s breakdown showing Banco CMF near 4.17% TEM and many large banks above 3.5%.
  • Dollar term deposits have also ticked up, with Diario Uno reporting Banco Nación’s 30‑day dollar TNA at 2.5% and a $1,800 placement yielding about $3.70 in a month.
  • Media simulations highlight the sums required to target monthly income under current offers, such as roughly $13.44 million to earn $560,000 at a 50% TNA versus about $15.63 million at 43%.