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2mo ago

Argentine Banks Diverge on 30-Day Deposit Rates as BCRA Publishes Comparator

Major lenders hover near 23–23.5% TNA, with smaller players courting savers at up to about 28.5%.

El plazo fijo se mantiene entre las opciones preferidas por los ahorristas y $160.000 de inversión deja una ganancia segura (Imagen ilustrativa).

Overview

  • - The central bank scrapped the minimum floor and now provides an official table showing each bank’s 30-day peso deposit rates, including offers available to non-clients.
  • - Big banks cluster around the low-20s, with Banco Nación, Macro and ICBC at about 23–23.5% TNA and Santander, Galicia and BBVA near 21%.
  • - Smaller banks and financial companies post higher yields to attract deposits, with several listing 28–28.5% such as Banco BICA, Meridian, Reba and Crédito Regional.
  • - Digital channels often pay more than branch counters; at Banco Nación the online rate is about 23.5% TNA versus roughly 20.5% for in-person placements.
  • - For savers, current examples include about ARS 19,315 interest on ARS 1,000,000 at Banco Nación over 30 days and roughly ARS 402,740 on ARS 20,000,000 at the bank’s online rate.