Overview
- The BCRA removed a mandatory minimum rate in 2024 and now publishes a daily table that records each bank's 30‑day plazo fijo offers, leaving yield setting to individual institutions.
- In mid‑June 2026, major public banks quote around 19%–19.5% TNA for 30‑day peso plazo fijo while many smaller banks and nonbank lenders advertise TNAs of about 23% or more, producing wide dispersion in the market.
- Banks pay materially higher published TNAs for online or home‑banking subscriptions than for in‑branch operations, so savers who use digital channels can capture noticeably larger monthly returns.
- Dollar‑denominated 30‑day plazo fijo yields are very low, with Banco Nación leading at roughly 1.60% TNA, which translates into only a few dollars of interest on typical small USD balances.
- BCRA REM forecasts and economists project inflation‑indexed UVA deposits to better preserve purchasing power through 2026, so many savers are weighing indexation, liquidity constraints, counterparty risk, and upcoming household cash flows when choosing between nominal fixes and UVA.