Argentine Banks Cut Plazo Fijo Yields to About 23.5% TNA

Overview

• Recent updates show widespread rate reductions from levels near 35% seen in early November to a current norm around 23.5% TNA.
• Banco Nación lists 23.5% TNA for 30‑day deposits, while Banco Provincia offers 22% TNA, a gap that pays roughly ARS 1,250 more per ARS 1,000,000 over a month at Nación.
• At a 23.5% TNA, a 30‑day deposit of ARS 6,000,000 generates about ARS 115,890.41 in interest, for a total of ARS 6,115,890.41 at maturity.
• Rates vary widely across institutions, with many large banks in the low‑to‑mid‑20s while others post higher offers near 27%–28% TNA such as Meridian, Reba, CMF and Mariva.
• The BCRA’s comparative tables confirm current bank‑by‑bank 30‑day rates, and reporting underscores plazo fijo as a low‑risk, predictable option despite weaker yields.