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3w ago

Argentine Banks Cut 30-Day Peso Deposit Rates to Around 43% as Pricing Resets

Central bank operations prompted a broad repricing across institutions and channels.

Plazo fijo con tasas en lo alto: ¿Cuánto rinde una inversión de $270.000 a 30 días? (Imagen ilustrativa).
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Con las tasas más altas del mercado, un depósito de $140.000 en plazo fijo puede generar ganancias importantes en solo 30 días (Imagen ilustrativa).
Con tasas superiores al 40%, $420.000 en un plazo fijo generan buenas ganancias en 30 días (Imagen ilustrativa).

Overview

  • Official data show the average 30‑day nominal annual rate fell from roughly 47% to about 43%, lowering short‑term returns for savers.
  • Reporting links the reductions to Banco Central market signals via BYMA “simultáneas,” which indicated a lower cost of funds and steered banks to trim retail TNAs.
  • Rate dispersion is wide: several digital and regional players quote 50% to as high as 51.5% (e.g., Banco Meridian), while others sit near 30% (Banco Masventas) or the mid‑to‑low 40s.
  • Banco Nación illustrates the channel gap, paying 43% for online placements versus 34.5% in branches, with longer tenors now harmonized near 42%.
  • Savers are using the BCRA’s daily comparator and bank simulators; at a 43% TNA, $1,800,000 placed for 30 days earns about $63,616, a monthly return near 3.58% that tops the latest 1.9% CPI.