Overview
- Major banks are posting 30-day term deposit rates in a 15% to 21.5% annual range on Friday, with the system average near 21.6% according to BCRA data reported by multiple outlets.
- Listed examples show Banco Nación at 19%, Banco Provincia and Macro at 21.5%, BBVA at 20.5%, Galicia at 18.25%, ICBC at 19.75%, Banco Ciudad at 19% and Santander at 15%.
- Many banks pay a slightly higher rate online than in branch, with Banco Nación’s simulator showing 19% through home banking versus 18% at the counter for the same 30-day deposit.
- Rates also vary by deposit size, and Banco Nación’s tool lifts the online rate to 21% once the placement exceeds $50 million, which changes how much capital is needed to hit a set monthly payout.
- Practical calculators highlight the impact for households, such as needing about $6.8 million at Nación to earn $100,000 in 30 days, while some savers look to UVA deposits that adjust for inflation in exchange for longer lockups.