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2h ago

Banks Cut Fixed-Term Yields in Argentina as 30-Day TNA Settles Around 24%–33%

Official simulators reveal sizable gaps between online and in-branch yields.

El plazo fijo todavía rinde.
El plazo fijo sigue siendo una herramienta interesante para invertir los pesos.
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Cambió el plazo fijo y ahora una inversión de $280.000 deja un rendimiento actualizado a 30 días (Imagen ilustrativa).

Overview

  • BCRA listings show major banks now offer roughly 24%–33% TNA on 30-day deposits, with Banco Macro at 30%, Provincia, ICBC and Credicoop at 28%, Banco Nación at 27% and Galicia at 24%, while Reba reaches 36%.
  • Banco Nación applies a 27% TNA for digital placements versus 22.5% at the counter, translating to about 2.25% per month online versus 1.875% in branch.
  • At Banco Nación, $280,000 placed online for 30 days earns $6,213.70 in interest, and $500,000 earns $11,095.89; the same $500,000 in branch yields $9,246.58.
  • For larger sums, Nación’s simulator shows $10,000,000 online at a 28% TNA returns $230,136.99 in 30 days, and separate calculations indicate $4,000,000 at 27% TNA generates $88,767.12.
  • Fixed-term deposits are protected by SEFyC deposit insurance and can be opened quickly via home banking, providing predictable returns that recent reports compare to roughly 2.3% monthly inflation.