Overview
- The central bank posted a comparative table of 30-day peso fixed-deposit rates covering the 10 largest banks and including offers reported for non-clients.
- Market rates currently span roughly 20% to 30% nominal annual and have settled in the mid-20s after recent declines.
- Among major institutions, Banco Nación and Banco Macro quote 23.5% TNA for 30 days, Banco Hipotecario 24.5%, Banco Provincia 22%, and Banco Ciudad 20.5%.
- Several smaller or digital banks list higher online rates for non-clients, with Banco de Comercio at 29% and others near 28%–28.5%.
- As a guide to returns, a $500,000 deposit for 90 days at a 24.5% TNA would generate about $30,205 in interest for a total of roughly $530,205.