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Argentina Peso Term Deposit Rates Diverge, Ranging From 20.5% to 28.5% TNA

Digital placements generally pay more than branch contracts, and bank simulators show savers need eight‑figure sums to reach monthly interest goals.

Overview

  • On January 8, the BCRA comparator shows major banks in the low‑to‑mid 20s TNA, including Banco Nación, Macro and ICBC at 23.5%, Credicoop at 23%, Provincia at 22%, and Santander, Galicia and BBVA at 21%, with Ciudad at 20.5%.
  • Smaller and digital‑focused institutions advertise higher returns, with several listing 27%–28% and the top offer at 28.5% for non‑clients at Crédito Regional Compañía Financiera.
  • Channel matters: banks pay more for online placements than in‑branch, with Banco Nación showing roughly 23.5% TNA online versus about 20.5% in branches for 30‑day deposits.
  • Bank simulators indicate the large capital required for sizable monthly income, estimating about AR$14.9 million to earn AR$300,000 and roughly AR$29.8 million to earn AR$600,000 in 30 days at Banco Nación’s current online rate.
  • Rates vary by institution since the BCRA removed the minimum floor, and savers are urged to weigh inflation, peso–dollar moves and the SEDESA deposit guarantee cap of AR$25,000,000 per person per bank.