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last mo.

Major Argentine Banks Cut 30‑Day Peso Deposit Rates to 27%–33% After Election

Central bank reductions in short‑term market rates spurred the cuts, leaving smaller banks and fintechs still posting mid‑30% TNAs.

El plazo fijo sigue siendo la opción elegida por los ahorristas que buscan seguridad y rendimiento estable (Imagen ilustrativa).
Cambiaron las tasas de los plazos fijos y ahora para ganar $200.000 en un mes se necesita una inversión diferente a la de semanas atrás (Imagen ilustrativa).
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El plazo fijo todavía rinde: ¿Cuánto invertir para ganar $240.000 en un mes? (Imagen ilustrativa).

Overview

  • Banco Central data for Nov. 6–7 show large banks clustered at 27%–33% TNA for 30‑day deposits, with Banco Nación at 33% online and 29.50% in branch, Macro at 33%, ICBC at 32.25%, Credicoop at 29%, Ciudad at 28% and Santander, BBVA, Galicia and Provincia around 27%.
  • Smaller institutions and fintechs continue to advertise higher yields, commonly 34%–37%, with quoted outliers such as Banco Columbia at 46% on La Nación’s Nov. 6 listing.
  • The pullback follows the Oct. 26 legislative vote and the BCRA’s latest market‑rate cuts, including the rueda simultánea reduced to 22% from 25% and one‑day cauciones near 17% TNA.
  • The current dispersion stems from last year’s deregulation that removed minimum deposit floors and from banks offering better terms online than at branches to promote digital channels.
  • At today’s reference rates, a 33% TNA yields about 2.75% per month, requiring roughly AR$8.85 million to earn AR$240,000 in 30 days or about AR$7.38 million to target AR$200,000, according to Banco Nación’s simulator.