Particle.news
Download on the App Store
6 ARTICLES
·
last mo.

Banks Ease 30-Day Peso Deposit Rates to a 23%–27% Band on March 6

Effective monthly returns remain below inflation despite modest February growth in traditional deposits.

Tras los últimos movimientos en las tasas de interés, esto pagan hoy los principales bancos en los plazos fijos.

Overview

  • Central bank deregulation allows each bank to set its own 30‑day rates, with the BCRA publishing a daily comparison table that also enables non‑clients to open deposits online.
  • Latest quotes show Banco Macro and Banco Hipotecario at 27% TNA, Banco Nación and Banco Provincia at 25%, ICBC at 23.5%, and Santander, Galicia and BBVA around 23%, with some recent trims reported.
  • Banco Ciudad’s posted rate slipped to 21% on March 6, highlighting ongoing dispersion and small week‑to‑week adjustments across institutions.
  • Channel differences persist, with homebanking offers typically higher than in‑branch rates, leading to materially different 30‑day returns for the same amount deposited.
  • At roughly 25% TNA (about 2.08% effective monthly), typical fixed deposits trail expected monthly inflation near 2.5%, even as traditional time deposits rose 1.9% in real terms in February and precancelable balances fell sharply.