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2h ago

Argentine Banks Push 30-Day Deposit Rates to as High as 38%

Racing to attract peso liquidity, lenders now span from 22% to 38% TNA on 30-day deposits against near-2% monthly inflation.

La decisión de que Cuenta DNI permita realizar depósitos a plazo fijo refuerza el compromiso de Banco Provincia con laeducación financiera.
El plazo fijo ofrece rendimientos que permiten ganar $210.000 en 30 días, aunque el monto a invertir depende de la tasa que ofrece cada banco (Imagen ilustrativa).
El plazo fijo sigue ganando ahorristas con su interés (Imagen ilustrativa).
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Overview

  • Banco CMF and Banco Meridian lead the market with 38% TNA on 30-day fixed-term deposits, while smaller regional institutions also offer top-tier yields.
  • Electronic channels now pay from 34% to 37% TNA, with Banco Nación raising its online rate to 37% compared with 27.5% at branches.
  • Banco Provincia’s Cuenta DNI app features a promotional 36% annual rate for 30-, 60- or 90-day deposits, extending high yields to digital wallet users.
  • Fixed-term deposit stocks rose for a sixth consecutive month in July, climbing 2.5% in real terms and representing two-thirds of peso deposit volumes.
  • Savers track the Central Bank’s daily rate tables alongside bank simulators to lock in returns as inflation volatility persists.