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2mo ago

Argentine Fixed-Term Deposit Rates Climb, With Wide Gaps Across Banks

Since the 2024 deregulation ended minimum rates, competition has pushed yields higher at some banks, especially for online deposits.

Con nuevas tasas, se ajustó el monto de la inversión necesaria para conseguir una ganancia de $380.000 en 30 días con el plazo fijo (Imagen ilustrativa).
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Overview

  • The central bank’s January 23 table shows 30‑day nominal annual rates ranging roughly from 21% to about 33%, reflecting a sharp dispersion across the market.
  • Digital and smaller institutions top the rankings, with offers near 32%–33% TNA at banks such as Meridian, CMF and VOII, while the lowest listed include Banco de Formosa at 21%.
  • Major banks post lower yields by comparison, with Banco Macro at 27.5%, Banco Nación at 26% and Santander, Galicia and BBVA around 23%, according to the latest published schedules.
  • Channel choice matters: Banco Nación pays 26% for online fixed terms versus 20.5% in branch, and its simulator indicates about ARS 16.52 million is needed to earn ARS 380,000 in 30 days at 26% TNA.
  • Savers can capture the best daily rates via Plazo Fijo Web without being clients—authorized by DEBIN and free of charge—and experts advise turning off auto‑renewal to recompare rates each month.