Overview
- The Banco Central de la República Argentina published a bank-by-bank table for 30-day peso term deposits on September 30, providing an official daily snapshot of advertised rates across dozens of banks.
- Published data show large dispersion in advertised 30-day peso TNAs, commonly in the 16–23% range with some offers reported as high as about 23% for online products.
- Bank-by-bank examples underline channel and branch differences: Banco Nación’s electronic 30-day TNA was reported at 18.75% versus 15.50% at branches, a gap that changes a depositor’s 30-day interest by several thousand pesos on a $1,000,000 placement.
- Dollar term deposits pay materially higher rates only for longer locks, with some banks offering up to roughly 5% TNA for 365+ day placements, but those products carry higher minimums and longer immobilization periods.
- The rate dispersion traces to the 2024 removal of minimum deposit floors, meaning banks now compete on channels, maturities and conditions, and savers should check each bank’s simulator for TEA, minimums, cancellation rules and reinvestment assumptions before investing.