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2mo ago

Argentine Banks Offer 19%–37% 30-Day Peso Deposit Rates in Fierce Competition

Daily BCRA updates empower savers to compare hundreds of bank rates, driving institutions to compete with digital incentives, dollar-denominated term deposits.

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Las tasas ofrecidas por los bancos determinan cuánto rinde una inversión en plazo fijo, incluso con montos relativamente bajos (Imagen ilustrativa).
El plazo fijo sigue en alza: el rendimiento que deja una inversión mínima de $140.000.
El plazo fijo sigue rindiendo: cuánto se gana con un depósito de $500.000 en 30 días

Overview

  • As of mid-July, 30-day peso fixed-term deposit rates span roughly 19% to 37% TNA across the banking system, reflecting broad dispersion.
  • Banks have adjusted deposit rates downward since the central bank deregulated minimum floors in March 2024, cut its policy rate from 32% to 29% in January and removed liquidity bills in July.
  • Banco de la Provincia de Córdoba offers the highest peso rate while Banco Masventas sits at the low end and Banco Nación differentiates channels with 23.5% in-branch versus 28% online.
  • To capture dollar-holding savers, banks now pay up to 2.5% annual on US-dollar deposits under the 29% policy-rate backdrop, with Banco Nación’s 30-day offer yielding about $4.11 on a $2,000 placement.
  • The BCRA’s daily TEM reference table and online simulators ensure transparency and enable cost-free comparison across dozens of institutions.