Overview
- The Banco Central de la República Argentina (BCRA) stopped setting a minimum rate in 2024 and now publishes a daily table that shows each bank's offered nominal annual rates (TNA).
- Major banks are offering 30‑day online TNAs in the high teens while a group of smaller banks and fintechs advertise rates up to about 21%–23%, and banks routinely pay higher TNAs for electronic placements than for in‑branch deposits.
- Banco Nación confirmed its rate schedule through June 30, including a 30‑day electronic TNA of 19% and higher rates for longer maturities (up to 23% at 365 days), a move reported on Wednesday.
- The peso term‑deposit monthly returns (roughly 1.2%–1.9% for 30 days) were outpaced by a more than 5% rise in the dollar in June, meaning savers who stayed in pesos lost ground versus those who moved into dollars.
- For households this means choosing between predictable but lower real returns and currency or market alternatives; the gap is pushing deposit flows toward online channels, promotional offers for new customers, and dollar‑linked options, which could further widen rate dispersion.