Overview
- The central bank’s daily rate table published Monday shows a tight band for 30‑day peso deposits at major banks near 15% to 19.5% after it ended minimum‑rate rules in 2024.
- Sample offers on Monday include Banco Provincia at 19.5%, BBVA at 18.75%, ICBC at 18.8%, Banco Nación at 17.5%, and Santander at 15%, according to the BCRA comparator.
- Non‑traditional players seek funds with much higher posted TNAs, with Reba and Crédito Regional at up to 25% and Masventas, Meridian, VOII, and BiBank near 24%.
- Banks often pay more through apps or home banking than at branches, with Banco Nación yielding about $15,205 on $1,000,000 at a 18.5% digital rate versus roughly $14,795 in‑branch at 18%.
- Lower TNAs force larger deposits to hit targets, as a $2,000,000 placement at 17.5% earns about $28,767 in 30 days, while roughly $6,980,000 is needed to make about $100,000 at 17.5%.