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Argentine Banks Trim 30-Day Peso Deposit Yields to 30%–35% in Latest BCRA Update

With rate floors removed, the post‑election reset has left a fragmented market where large banks pay less than digital rivals.

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Las tasas bajaron y cambió cuánto hay que invertir para ganar una ganancia mensual con un plazo fijo (Imagen ilustrativa).
El plazo fijo es la salvación: ¿Cuánto rinde una inversión de $415.000 en un mes con las tasas actualizadas?
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Overview

  • Argentina’s central bank table for Wednesday, November 5 shows Banco Nación at 33% TNA for 30‑day online deposits, with major peers around 27%–33% (Santander 29%, Galicia 27%, Provincia 27%, Macro 33%, ICBC 32.25%, Ciudad 28%, Credicoop 31%).
  • Rates have moved down into the low‑to‑mid 30s after rapid post‑election cuts, with surveys reporting 5–7 percentage‑point reductions at major banks in the past week.
  • Digital and regional lenders continue to advertise higher yields, commonly 36%–38% TNA (examples include Banco del Sol, Meridian, VOII, Bica, Corrientes, CMF and Hipotecario).
  • Channel pricing persists as banks steer deposits: Banco Nación pays more online than in‑branch, listing about 33% TNA for electronic placements versus 29.5% at counters.
  • Some institutions are also lifting dollar term‑deposit rates to retain FX balances, with Banco Nación reported at roughly 2.5% annual, while at 33% TNA a $100,000 peso deposit earns about $2,700 in 30 days.