Overview

• Banco Nación has silently raised its 30-day online fixed-deposit rate twice this week, pushing it from 28% to 33% TNA
• Competing lenders now offer 30-day deposit rates between 30% and 37% TNA, delivering roughly 2.74% monthly returns that outpace inflation
• Digital channels command a clear premium at Banco Nación, where online rates stand at 33% versus 27.5% for in-branch operations
• Since March 2024’s deregulation of minimum interest rates and the July removal of liquidity bills, banks have competed to attract peso deposits under central bank incentives
• Fixed-term deposits remain a favored low-risk tool for savers seeking guaranteed returns in an environment of persistent near-2% monthly inflation