Overview

• BCRA comparison tables and bank simulators on September 1 show systemwide 30‑day TNAs mostly in the 40% range, with leaders between 50% and 55%.
• Top quoted rates include Banco CMF at 55% TNA, Meridian at 54.25%, BICA, VOII and Provincia de Tierra del Fuego at 54%, and Mariva at 53%, while BBVA lists 51%.
• Banco Nación’s simulator lists 47% TNA for electronic placements versus 32.5% in branches, translating to roughly $38,630 vs $26,712 in 30‑day interest on $1,000,000.
• Digital channels and some nonclient promotions offer materially higher returns than branch placements, as large banks cluster around the mid‑40% TNAs and smaller or fintech‑linked entities post the peak rates.
• The current wave of increases follows the BCRA’s 2024 removal of rate floors and recent reserve tightening, with banks also nudging up USD term‑deposit yields such as Banco Nación’s 2.5% annual rate that pays about $16.44 on $8,000 in 30 days.