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Argentine Banks Reprice 30‑Day Deposits as Rates Settle, With Digital Lenders Leading Offers

The central bank’s daily table clusters most 30‑day quotes in the high‑30s, with the richest returns concentrated at smaller online‑first banks.

Overview

  • As of October 9–10, the BCRA comparator shows a system average in the high‑30s TNA (roughly 37.5%–39%) and top posted offers in the 44%–46% range at digital and regional institutions.
  • Banco Nación’s current 30‑day rate is 37.50% TNA for online placements versus 29.50% in branch, and its simulator estimates ARS 154,109.59 in interest on a ARS 5,000,000, 30‑day deposit at that online rate.
  • Banks have been actively re‑pricing this week, with some trimming recent peaks after earlier increases, producing wide cross‑bank dispersion that is pushing savers to compare institutions, channels and ticket sizes.
  • Examples from the BCRA table: Banco VOII advertises up to 46% TNA on larger deposits, while CMF, Meridian and Bica post around 43%–44%; major banks such as Nación, Galicia, BBVA, Macro and Provincia generally sit in the mid‑ to high‑30s.
  • The current landscape follows the BCRA’s March 2024 removal of minimum rates, and short‑term nominal returns implied by today’s TNAs often still outpace recent monthly inflation.