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.