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Argentine Banks Raise 30-Day Peso Deposit Rates as BCRA Posts New Table Showing 47% Average and Offers Above 50%

Recent reserve requirement increases are pushing banks to court savers with higher online yields.

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Overview

  • The central bank on August 27 published its latest comparison of 30-day peso fixed-term rates by bank.
  • The average TNA for online placements is about 47%, with several offers in the low to mid‑50% range.
  • Examples include Banco Nación at 47%, Banco Macro at 53.5% and Banco Provincia de Tierra del Fuego at 54%, with Banco CMF listed at 55% in media tallies.
  • Banks have lifted rates in the past two weeks after a BCRA reserve requirement increase and last year’s deregulation left pricing to each institution.
  • At current levels, a 30‑day deposit yields about $15,452 on $400,000 or $34,767 on $900,000, which reports indicate would outpace 2025 inflation estimates.