Overview

• Recent adjustments by multiple banks pushed the average 30‑day fixed‑term deposit rate to roughly 39% from about 37.5% last week.
• Top lenders’ posted TNAs vary widely, with examples including Banco Nación at 39%, Santander at 35%, Galicia at 43%, ICBC at 41.45% and Macro at 44%, while smaller institutions list offers above 50%.
• For a 30‑day placement, AR$1,000,000 at a 39% TNA yields an estimated AR$32,054.79 in interest for a total of AR$1,032,054.79 at maturity.
• For a 60‑day term at Banco Nación, AR$950,000 at a 38% TNA generates about AR$59,342.47 in interest, bringing the total to AR$1,009,342.47.
• A recent decline in the official dollar has improved the real return for peso savers choosing fixed‑term deposits.