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2w ago

Argentine Banks Lift 30‑Day Plazo Fijo Rates as Online Offers Hit 55%

Post‑deregulation competition under tighter liquidity is driving banks to reprice short‑term funding.

El plazo fijo sigue siendo una atracción para los ahorristas (Imagen ilustrativa).
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El palzo fijo sigue entregando intereses altos (Imagen ilustrativa).

Overview

  • Early September quotes show a wide 30–55% TNA range for 30‑day peso deposits, with market averages hovering near 47% according to BCRA tables.
  • Channel gaps are pronounced: Banco Nación pays about 32.5% TNA in branch versus roughly 47% online, and top monthly TEMs reach up to 4.5%.
  • The highest electronic offers come from smaller and digital players, including Banco CMF and Reba at 55% TNA, with Bica, Voii, Tierra del Fuego, and Meridian near 54%.
  • Dollar term deposits ticked up but remain low, with Banco Nación lifting the 30‑day dollar rate to about 2.5%, far below peso yields.
  • Media simulators highlight concrete returns at current rates, and coverage notes monthly inflation near 2%, meaning leading TEMs can deliver positive real gains.