Overview
- Argentina’s central bank rate table on Tuesday showed major banks paying roughly 15% to 19.5% TNA for 30‑day deposits, highlighting wide gaps across institutions.
- Average posted yields have dropped to about 18.5% in early May, down from around 25% in early March as banks reset terms after the end of a uniform floor.
- Inflation‑indexed UVA/CER deposits surged 103.9% in the past month to ARS 1.285 trillion as of April 27, reflecting demand for protection after March inflation ran 3.4%.
- Smaller and digital players advertise higher returns of up to about 25% TNA, and many accept placements from non‑clients through online channels.
- Banks are nudging customers to home banking with slightly better rates than branches, and Banco Nación introduced a UVA option that pays interest monthly with a minimum 90‑day term and up to 4.5% a year.