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2h ago

Argentine Banks Lift 30-Day Fixed-Deposit Rates, With Online Offers Up to 54%

Banks raised offers after a jump in short-term wholesale yields, seeking to keep pesos before the election.

Los inversionistas sigue acercándose al plazo fijo (Imagen ilustrativa).
Image
Se movió otra vez el plazo fijo y esto se gana depositando $650.000 a 30, 60 y 90 días.
El plazo fijo sigue siendo elegido por los ahorristas (Imagen ilustrativa).

Overview

  • Fresh BCRA comparison tables for October 21 show sharply higher 30‑day TNAs, with major banks around 37%–44% and the top online offers at 50%–54%.
  • Banco Nación set 44% TNA for 30‑day online deposits versus 34% in branch, and posted 42% for 60 days and 40% for 90 days.
  • Digital channels pay more than in‑person placements, including Banco Provincia’s Cuenta DNI at roughly 50% TNA for 30‑day deposits.
  • Regional and smaller lenders lead the market, with Banco VOII, Banco CMF, Banco BICA and Banco Meridian publishing online TNAs as high as 54%, often open to non‑clients.
  • The dispersion follows last year’s removal of the BCRA’s rate floor and the latest spike in one‑day caución yields, with several outlets noting a pre‑election push to retain pesos.