Overview

• Late August updates show many institutions paying above 40% TNA on 30-day fixed terms, building on the upward repricing seen since July.
• Banco Nación lists 44% TNA; its simulator estimates $120,000 grows to $124,339.73 in 30 days and $2,500,000 to $2,590,410.96.
• Peak advertised yields include Banco CMF at 50% TNA, 49% at Meridian, VOII and Provincia de Tierra del Fuego, and 48.5% at Provincia de Córdoba and for Hipotecario non-clients.
• Among larger banks, ICBC posts 46.3% TNA, Galicia and Macro 45%, BBVA and Provincia 43%, and Santander 38%, underscoring wide dispersion.
• Banks are bidding for peso deposits after BCRA deregulated rate floors in 2024 and adjusted liquidity tools in 2025, with many allowing non-clients to open digital term deposits with low minimums.