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Argentine Banks Lift Plazo Fijo Rates Above 40% as Top Offers Reach 55%

Savers compare daily offers using the Central Bank’s TEM/TNA table to chase higher yields.

Overview

  • Fresh bank listings show a wide dispersion in 30‑day TNA, with leaders such as Banco VOII and Banco del Sol at 55%, Meridian at 54.5%, and Banco de la Provincia de Córdoba at 52%.
  • Banco Nación advertises 47% TNA and a 90‑day placement example of $1,800,000 generating $204,164.38 in interest, for a total of $2,004,164.38.
  • Major institutions cluster in the low‑to‑mid 40s, including Santander at 42%, Galicia at 41%–44%, Provincia de Buenos Aires at 41%–45%, and BBVA at 41%.
  • Select banks are quoting near‑50% for clients, with Banco Hipotecario at 49.5%, Banco Macro around 48%, and ICBC at 47.7%, according to recent comparisons.
  • Currency and price dynamics frame the trade‑off for savers, with the dollar near 1,465 pesos after an ~8% monthly rise, monthly fixed‑term yields near 4%, and August inflation at 1.9% per INDEC.