Overview
- Banco Nación, which announced the product Wednesday, launched an inflation‑indexed UVA fixed term that credits interest every 30 days and adds a 4.5% annual premium over the index.
- The new deposit locks funds for at least 90 days and up to 2.5 years, has a reported minimum of $1,500, and is intransferable, offering savers a way to draw an inflation‑linked monthly income.
- Thirty‑day peso fixed terms at major banks now cluster near 20%–24% TNA, and online placements pay more than in‑branch, with Banco Nación at 22.0% via home banking versus 20.5% in a branch.
- Rate gaps remain wide across the system as smaller and digital lenders court deposits with higher posted TNAs, often around 27% to 28.5%, according to daily listings.
- Banks have trimmed peso deposit yields from roughly 25% in early March, and Banco Nación also reduced dollar fixed‑term rates to about 2.0% online and 0.75% in‑branch.