Overview
- Argentina’s central bank published an updated bank‑by‑bank comparison for 30‑day peso term deposits, confirming broad repricing after late‑October elections.
- Major institutions now list annual nominal rates mostly in the high‑20s: Banco Nación 27%, Banco Macro 29%, Credicoop and ICBC 28%, Provincia 26%, Santander 25%, Galicia and Ciudad 24%, BBVA 26%.
- Since the BCRA scrapped the mandatory floor in 2024, each bank sets its own rate, and the government’s post‑election peso‑market normalization coincided with cuts from October peaks near 44%.
- Rates vary by channel, with Banco Nación showing 27% for home banking versus 22.5% in‑branch, a spread echoed across several lenders’ listings.
- Smaller banks and financial companies advertise higher TNAs of roughly 30%–32%—including Banco VOII and Crédito Regional at about 32%—yet media examples show monthly returns that often trail inflation (e.g., $1,200,000 at 27% TNA earns $26,630 in 30 days).