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6mo ago

Argentine Banks Cut Plazo Fijo Rates Toward 35% as Top Offers Near 50% Persist

Many big lenders now pay roughly 35% for 30‑day deposits, with a few rivals still posting the highest returns.

Puerto Madero (Nano Banana)
Los bancos ajustaron sus tasas de plazo fijo, pero esta herramienta de inversión sigue "garpando" (Imagen ilustrativa).
Cuenta DNI (Nano Banana)
Image

Overview

  • Fresh bank updates for October 30–31 show a broad pullback from recent highs near 44%, with average 30‑day TNA now clustered in the mid‑to‑high 30s.
  • BCRA’s daily comparison table lists major banks such as Banco Nación around 35%, Provincia 34%, Ciudad 32%, Galicia 31% and BBVA/Santander 32%.
  • Top‑yielding options remain at roughly 45%–50% at select institutions that accept no‑clients, including VOII, CMF, Meridian and Crédito Regional, alongside Banco Provincia’s Cuenta DNI at 50% TNA.
  • Banks often pay more for online placements than at the counter, with Banco Nación showing about 35% TNA online versus roughly 29.5% in‑branch in recent simulators.
  • Media calculators translate these rates into required capital, estimating about ARS 24 million to earn ARS 1,000,000 per month at 50% TNA, around ARS 28.25 million to cover an average Puerto Madero rent and roughly ARS 36 million for ARS 1,500,000 per month.