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4mo ago

Argentine Banks Adjust Fixed-Term Deposit Rates Following Peso Stability

Leading institutions like Banco Nación reduce rates to 33.5% TNA online as competition persists post-currency control lift.

Cuánto pagan los bancos por un plazo fijo en abril de 2025
Qué banco paga más por los plazos fijos este miércoles 30 de abril
El plazo fijo volvió a ser una alaternativa para los ahorristas (Imagen ilustrativa).
Image

Overview

  • The Banco Central de la República Argentina (BCRA) removed rate floors in March 2024, leading to competitive adjustments in fixed-term deposit rates among banks.
  • Following the April 2025 removal of dollar purchase caps, banks initially raised rates to retain peso deposits but have since reduced them as the peso stabilizes.
  • Banco Nación currently offers a 33.5% TNA for 30-day deposits online, while in-branch rates are lower at 25.5%; Banco de la Provincia de Córdoba leads with 37%.
  • The BCRA's TEM table serves as a key reference for savers comparing rates across banks, with online simulators aiding return calculations.
  • Fixed-term deposits remain a popular low-risk option for savers seeking to preserve purchasing power in the face of Argentina's inflation and economic volatility.