Overview
- New bank disclosures to the central bank show the top deposit-taking institutions clustering 30-day online fixed-deposit TNAs between 21% and 25%.
- Published rates include Banco Nación at 24.5%, Banco Macro at 25%, Santander and Galicia at 21%, Provincia at 23%, BBVA at 21%, Credicoop at 23%, ICBC at 24%, and Banco Ciudad at 22%.
- An example calculation shows a 30-day placement of 800,000 pesos yields roughly 14,000 pesos at 21% TNA and about 16,640 pesos at 25% TNA.
- The downturn follows sharp cuts in November that deepened in December, leaving traditional 30-day deposits with returns below projected price increases.
- The BCRA’s transparency table for December 9 also lists offers for non-clients at several smaller banks in the 26%–29.5% range.