Overview
- Banks’ listed rates on Thursday, according to the Central Bank’s table, clustered between 15% and 19.5% TNA, with examples such as Banco Nación at 18.5%, Provincia at 19.5%, Macro at 19%, and Santander at 15%.
- Many digital and regional banks reached higher payouts through the BCRA-regulated online channel, with posted TNAs of 22% to 25% at names like Voii, Reba, Masventas, Meridian, Bibank, and BICA.
- The BCRA’s “plazo fijo web” lets people place a term deposit at another bank without opening an account there by using a CUIL or CUIT and the CBU or alias of their own account.
- Short-term bank yields of roughly 1.3% to 1.6% per month have trailed recent price rises, as INDEC reported 9.4% inflation over the first quarter and 32.6% year over year to March.
- Official figures reported Friday showed the stock of inflation-indexed UVA time deposits more than doubled in April, rising about 104.5% as savers sought protection from rising prices.