Particle.news
Download on the App Store
13 ARTICLES
·
3h ago

Argentine Banks Lift 30‑Day Deposit Rates to Mid‑40s With Top Offers Near 50%

Higher advertised yields are drawing savers back into 30‑day deposits following the BCRA’s removal of rate floors.

Plazo fijo en dólares
El plazo fijo en pesos continúa siendo una herramienta ideal para ahorrar.
Image
Con las nuevas tasas, un plazo fijo de $120.000 a 30 días puede generar una mejor ganancia que semanas atrás (Imagen ilustrativa).

Overview

  • Central bank data show a wide dispersion in 30‑day fixed‑term deposit rates, roughly from 25% TNA at the low end to about 50% at the top, with many large banks clustered in the mid‑40s.
  • Recent listings highlight Banco CMF at 50% TNA, Meridian and VOII around 49%, Córdoba at 48.5%, ICBC near 46%–47.7%, and Banco Nación around 44% with up to 45.5% online depending on amount.
  • The average 30‑day remuneration rose about 15 percentage points between July 31 and August 21, peaking near 54% on August 19 as the stock of one‑month deposits approached ARS 38,500 million.
  • Banks report retail inflows into peso fixed deposits and outflows from money‑market funds, with improved renewal rates and larger deposit books in August.
  • For reference, Banco Nación’s simulator shows a 44% TNA pays roughly 3.66% for 30 days, so a $120,000 deposit earns about $4,339.73; banks also pitch dollar deposits near 2.5% annual, where $6,000 yields about $12.33 in a month.