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5h ago

Argentina’s Fixed-Deposit Rates Cut Again as Banco Nación Sets 25% Online TNA

The shift signals a broader repricing that leaves 30‑day peso yields near 2% a month, often below inflation.

Di adiós al viejo plazo fijo: el Banco Nación hizo nuevos cambiosy complicó a sus clientes
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Cambió el plazo fijo y ahora se necesita otra inversión para ganar $260.000 en 30 días (Imagen ilustrativa).

Overview

  • Banco Nación’s 30‑day online fixed term now pays 25% nominal annual (about 2.08% monthly), while in-branch deposits yield 20.5%.
  • Banks are posting widely dispersed 30‑day rates of roughly 21% to 31.5%, with smaller digital lenders like Crédito Regional at 31.5% and VOII and BiBank at 30%.
  • Major institutions show lower offers, including Santander at 21%, Galicia at 22%, BBVA at 23%, Nación at 25%, Provincia and Macro at 26%, and ICBC at 26.5%.
  • Banco Nación’s simulator shows that earning ARS 150,000 in 30 days now requires about ARS 7.3 million at the 25% online rate.
  • The BCRA’s daily comparator confirms fresh cuts across banks in recent days, and with 30‑day funds locked until maturity many returns now lag current inflation.