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3w ago

Argentine Banks Offer 26.5%–36% on Peso Deposits as Average Rate Hits 30.5% TNA

Deregulation of deposit-rate floors has prompted banks to introduce remunerated dollar savings accounts with daily interest.

An employee shows a hundred U.S. dollar bill in an exchange house, in Bogota, Colombia January 27, 2025. REUTERS/Luisa Gonzalez
Con tasas de interés actualizadas, el plazo fijo sigue siendo una opción conveniente para pequeños y medianos ahorristas (Imagen ilustrativa).
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Overview

  • As of July 11, the average nominal annual rate for 30-day peso fixed-term deposits stands at 30.50%, yielding ARS 75,205.48 on a ARS 3,000,000 placement.
  • Individual banks quote rates from 26.5% TNA at Banco Masventas to 36% at Banco del Sol, where a ARS 500,000 deposit earns ARS 15,000 in interest.
  • Banco Nación and other lenders now offer remunerated dollar savings accounts paying about 2.10% TNA on balances up to USD 10,000 with daily liquidity.
  • Dollar fixed-term deposits deliver yields from 2.5% for 30-day terms up to 5.5% for 365-day placements, although funds remain locked until maturity.
  • Savers rely on the BCRA’s TEM reference table and online simulators to compare rates across dozens of banks and balance liquidity with inflation-hedging goals.