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7h ago

Argentine Banks Cut Average Peso Time-Deposit Rates to About 39.5% TNA as 50% Offers Persist

Central bank deregulation has left savers navigating wide bank-by-bank disparities with higher rates typically offered online.

Puerto Madero (Nano Banana)
Plazo fijo con tasas de hasta el 50%: ¿Cuánto podés ganar con una inversión de $380.000 en un mes? (Imagen ilustrativa).
Los bancos ajustaron sus tasas de plazo fijo, pero esta herramienta de inversión sigue "garpando" (Imagen ilustrativa).
Cuenta DNI (Nano Banana)

Overview

  • Several institutions trimmed rates this week, pulling the market average down from roughly 44% to about 39.5% TNA as of October 30.
  • BCRA’s daily comparison shows 30‑day peso TNAs spanning roughly 30% to 50%, underscoring intense competition for deposits.
  • Top-end promotions remain available, including a 50% TNA on Banco Provincia’s Cuenta DNI and 50% listings at VOII, Meridian, CMF and Crédito Regional for online placements.
  • Practical calculators indicate about $7.4 million is needed to earn $240,000 in 30 days at a 39.5% TNA, versus roughly $5.76 million at a 50% TNA.
  • Channel terms are pivotal as online deposits often pay more than in-branch options, and dollar time deposits remain low-yielding at around 2.5% annually at some banks, generating roughly US$24.66 on US$12,000 in 30 days.