Overview

• The central bank on September 5 published a bank‑by‑bank comparison confirming sustained repricing of 30‑day plazos fijos in pesos.
• Major retail institutions list annual TNAs in the mid‑to‑high 40% range, including Banco Nación at 47%, Provincia at 45%, Galicia at 44%, BBVA at 45%, Macro at 47%, Credicoop at 47% and ICBC at 47.7%.
• Top online offers, including some for non‑clients, reach about 54%–55% TNA at entities such as Banco CMF, Reba, Banco BICA, Meridian, Mariva, Provincia de Tierra del Fuego and Banco de Corrientes.
• Digital channels pay far more than branches, with Banco Nación quoting roughly 48.5% for electronic placements versus about 32.5% in person.
• The BCRA’s deregulation of minimum deposit rates and recent encaje increases have intensified competition, and official simulators show that at a 48.5% electronic rate a 30‑day deposit of ARS 5,770,000 yields about ARS 230,010 in interest.