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7h ago

Argentine Banks Adjust Term Deposit Rates as Peso Strengthens

Interest rates for 30-day term deposits now range from 29% to 37%, with Banco de Córdoba offering the highest rate at 37%.

Qué banco paga más por los plazos fijos este lunes 28 de abril
35La tasa de interés de los plazos fijos alcanza el 35%, atrayendo a los ahorristas que buscan seguridad en sus inversiones.
Plazo fijo: ¿Cuánta plata se debe invertir para generar una ganancia de $100.000 en 30 días? (Imagen ilustrativa).
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Overview

  • Following the lifting of dollar restrictions on April 14, Argentine banks raised term deposit rates to retain peso deposits and counter inflationary pressures.
  • Banco de Córdoba leads the market with a TNA of 37%, while Banco Nación offers 33.5% for online deposits and 25.5% for in-branch deposits.
  • Recent adjustments saw some banks reduce rates by 1–2 points after initial hikes, reflecting currency market dynamics.
  • At 35% TNA, a 30-day deposit of ARS 8.7 million generates ARS 250,130.14 in interest, while ARS 700,000 at 33.5% yields ARS 19,273.97.
  • The deregulation of interest rate floors by the BCRA in 2024 has enabled banks to freely set competitive rates, intensifying market competition.