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BCRA Publishes Bank-by-Bank Rates as 30-Day Peso Deposits Show Wide Gaps

After a cut to the central bank’s payout to lenders, posted offers cluster near 27–30% TNA with outliers at 33.5%.

Overview

  • On November 25, the Central Bank of Argentina released an updated comparator listing each bank’s 30‑day peso fixed‑deposit rate.
  • Major institutions typically quote around 27–30% TNA, including Banco Nación at 27% and Banco Macro at 30%, while Banco Meridian and Banco VOII post 33.5%.
  • Banks have reduced their offered yields following the Central Bank’s recent move to lower the rate it pays to financial institutions.
  • Digital channels generally pay more than in-branch placements, with Banco Nación’s simulator showing roughly 28% TNA online versus about 23.5% at the counter.
  • A $500,000 30‑day deposit at 30% TNA yields about $12,500 in interest, though analysts note many nominal returns trail inflation.