Overview
- Official BCRA listings for Monday show most major banks at 20%–23.5% for 30-day deposits, including Nación at 23.5%, Galicia and Santander at 21%, Provincia at 22%, Credicoop at 23%, BBVA at 21%, ICBC at 23.5% and Ciudad at 20.5%.
- Banco Macro stands at 27% and is the only major bank above 25%, based on the current BCRA comparison.
- Illustrative payouts for a 30-day placement of $1,600,000 pesos vary widely, with Nación paying about $30,904 at 23.5% and Macro about $35,507 at 27%.
- Following the 2024 removal of minimum-rate floors, banks set their own offers, intensifying competition and coinciding with lower short-term yields.
- Depositors can open a term deposit without being a prior customer or use home banking if they already hold an account, and some smaller institutions advertise online rates up to 28% for non-clients.