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BCRA Data Show 30‑Day Deposit Rates Rise to About 41% Average as Some Banks Top 50% TNA

Deregulation has intensified bank competition, producing wide gaps in returns by institution and whether deposits are made online or in branch.

Overview

  • Updated mid‑October listings on the BCRA’s comparator indicate the market average Tasa Nominal Anual for 30‑day peso deposits is near 41%, up from roughly 39% a week earlier.
  • Several regional and digital players now lead with TNAs around 52%–54%, including Banco VOII, Banco CMF and Banco BICA, with others like Meridian and Mariva in the high 40s to low 50s.
  • Large incumbents mostly range from the high 30s to mid‑40s, with examples including Banco Macro and Galicia near 44%, BBVA at 39% and Santander at 35%, while ICBC is reported around 41%–42%.
  • Banco Nación has raised its offers, paying about 41% TNA for electronic placements but around 34% for in‑branch deposits, creating materially different monthly outcomes for the same amount.
  • Outlets highlight that identical deposits can yield markedly different interest depending on bank and channel, and point savers to the BCRA’s comparison tool and bank simulators to quantify returns.