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1h ago

Fixed-Term Deposit Rates Slip Again in Argentina, With Banco Nación at 27% for 30 Days

BCRA’s latest comparison points to lower 30-day yields across banks, sharpening focus on how much savers must lock in to hit specific monthly targets.

El plazo fijo sigue rindiendo.
El plazo fijo sigue en competencia, con nuevas tasas: ¿Cuánto invertir para ganar $360.000 en apenas 30 días? (Imagen ilustrativa).

Overview

  • As of Monday, major-bank online TNAs include Banco Nación at 27%, Provincia at 28%, Macro at 30%, BBVA at 26%, Ciudad at 26%, Santander at 25%, Galicia at 24%, and Hipotecario at 28.5%.
  • Several smaller players still post higher 30-day TNAs, such as Banco Voii and Banco Meridian at 33.5%, and Mariva and Banco de Corrientes at 31%, according to the BCRA comparison.
  • At Nación’s 27% online TNA, the bank’s simulator shows a 30-day gain of ARS 360,000 requires a deposit of about ARS 15.65 million.
  • A separate calculation using a 28% TNA indicates roughly ARS 15.21 million is needed to earn ARS 350,000 in 30 days, while a ARS 550,000 deposit at 27% yields about ARS 12,205.
  • Rates vary by channel, with Nación offering 27% online versus 22.5% at the counter, and deposits are insured up to ARS 25 million per depositor per bank with low minimums and home-banking access.