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5mo ago

Argentina’s 30-Day Term-Deposit Rates Slip Again, Big Banks Now at 21%–26.5%

With Banco Nación at roughly 24.5% online versus 20.5% in branch, monthly returns near 2% lag inflation, prompting savers to compare digital rates or extend maturities.

Di adiós al viejo plazo fijo: el Banco Nación hizo nuevos cambiosy complicó a sus clientes
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Cambió el plazo fijo y ahora se necesita otra inversión para ganar $260.000 en 30 días (Imagen ilustrativa).

Overview

  • Central bank data show most major banks offering 21%–26.5% TNA for 30-day online deposits, with ICBC at 26.5%, Macro at 26% and Santander at 21%.
  • Banco Nación’s reference rate is about 24.5% for online term deposits and 20.5% in branches, reflecting the latest round of cuts early in December.
  • Rate dispersion persists: smaller and digital institutions list higher TNAs near 29%–30% for non-clients, including VOII and BiBank at 30% and Crédito Regional around 30%.
  • At current Nación rates, the simulator indicates about ARS 7.3 million is needed to earn ARS 150,000 in 30 days, and roughly ARS 10.708 million to reach ARS 210,000.
  • With monthly yields near 2% and inflation running slightly higher, outlets report negative real returns; the BCRA urges savers to compare bank-by-bank, use digital channels, and consider longer terms or larger amounts.