Overview
- The BCRA’s Jan. 12 table shows 30-day TNAs roughly between 20% and 30%, with Banco Macro and Banco Hipotecario at 24.5%, Banco Nación and Banco Provincia at 23.5%, Credicoop at 23%, ICBC at 22.75%, Santander, Galicia and BBVA at 21%, and Banco Ciudad at 20.5%.
- Rates trended down over recent months, fell again in December, and then stabilized in early January within a narrower range.
- Banks generally pay more for digital contracts than for in-branch operations, with examples citing about 24.5% TNA online versus around 21.5% in person.
- A deposit of ARS 500,000 for 90 days at a 24.5% TNA yields about ARS 30,205 in interest, while earning ARS 800,000 in 30 days would require roughly ARS 39.8 million.
- Regional context shows softer deposit returns too, as Peru’s BCRP cut its policy rate to 4.25% in 2025 and the highest 360‑day deposit TREA stood at 5.5% as of January 9.