Overview
- Argentina’s central bank listing for 18 November shows 30‑day TNAs of 27% at Banco Nación, 28% at Banco Provincia, and 30% at Banco Macro.
- More than 20 banks cut rates in recent weeks from October peaks near 44%, and current readings are described as steady at the new lower range.
- Non‑client and online offers reach about 30%–33.5%, including Meridian and Voii at 33.5% and BICA, CMF, and Córdoba at 32%, highlighting sharp cross‑bank differences.
- Channel gaps are clear: Banco Nación’s simulator shows a $1,000,000 peso deposit earning $18,493 at a branch (22.5% TNA) versus $22,192 online (27% TNA) for 30 days.
- Banks are also nudging up dollar fixed‑term yields, with Banco Nación at 2.5% annual, which would pay about $16.67 on a $8,000 deposit over 30 days.