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Argentine Banks Nudge Down 30-Day Deposit Yields as BCRA Posts Latest Comparisons

Post‑deregulation competition has banks setting their own yields, often posting higher returns through online channels for non‑clients.

Overview

  • The central bank’s comparator for March 3–4 shows most major institutions offering roughly 23%–27% TNA on 30‑day peso deposits.
  • Recent adjustments include about one percentage point cuts by some banks in early March after a short period of stabilization, according to local reporting.
  • Select institutions advertise higher electronic‑channel rates open to the public, with some listings near 33%–33.5% for online placements.
  • Among the 10 largest deposit takers today: Macro and Hipotecario at 27%, Nación and Provincia at 25%, Credicoop at 24%, ICBC at 23.5%, and Galicia, Santander, Ciudad, and BBVA at 23%.
  • Illustrative returns highlight limited gains: at a 25% TNA, a $9,000,000 placement for 30 days earns about $184,931.51 in interest.