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2h ago

Argentine Banks Cut 30‑Day Peso Deposit Rates as Benchmarks Fall

Banks reduced advertised yields after declines in wholesale reference rates alongside a steadier dollar.

Con las últimas tasas, te mostramos cuánto hay que invertir en un plazo fijo para lograr un rendimiento de $90.000 (Imagen ilustrativa).
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En la última semana del mes se sintió una fuerte caída en las tasas de plazos fijos
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Overview

  • Most major institutions now quote annual nominal rates near the mid‑30s for 30‑day deposits, with Banco Nación at 36% online and 29.5% in branch, and peers such as Santander and BBVA at 35%, Macro at 35.5%, Provincia at 34% and Ciudad at 31%.
  • Rate dispersion remains wide across providers and channels, with higher online offers still present at select players including VOII at 43%, Meridian at 42.5%, CMF at 42% and Bica at 41%.
  • Wholesale benchmarks moved lower on Monday, with TAMAR around 41% and BADLAR near 39.25%, aligning with recent policy signals and calmer FX conditions referenced in market reports.
  • The repricing has tangible effects for savers, with gaps of up to roughly AR$12,000 per AR$1,000,000 invested over 30 days depending on the bank and channel.
  • The BCRA’s removal of minimum deposit‑rate floors in 2024 and its daily online comparator are guiding choices, and bank simulators show, for example, that about AR$3.042 million at Banco Nación’s 36% online rate is needed to earn AR$90,000 in a month.