Overview

• Banco Nación began crediting 29% annual interest on payroll account balances from August 14, with returns accruing daily and capitalized on weekends and holidays.
• The benefit applies automatically to balances up to 2 million pesos in the same salary account without any additional steps by customers.
• The initiative aims to reclaim salary inflows from fintech wallets that compete by offering daily-interest digital accounts with balance limits.
• Payroll account holders can still tap BNA+ promotions such as supermarket discounts, transport subsidies, zero-interest installments and preferential rates on personal and mortgage loans.
• In parallel, banks and fintech platforms have pushed digital term deposit rates above 40% TNA, highlighting a fierce contest for deposits under eased central bank rate controls.