Overview
- The market has settled to a lower plateau for 30‑day peso plazos fijos, with major banks topping out near 19–19.5% TNA while several smaller banks and finance firms advertise 23% or more.
- Remunerated virtual wallets are offering higher nominal returns — Ualá reported about 26% TNA in early June — but these accounts often impose caps, change rates frequently, and pay daily interest with different liquidity rules than fixed deposits.
- Banco Nación shows a clear channel split for the same product, reporting a 19% TNA for online placements and about 15.5% for in‑branch deposits, which highlights how channel and customer status affect quoted rates.
- Dollar‑denominated plazos fijos have regained appeal, with some banks reporting up to 5.5% TNA for one‑year deposits, a draw for savers because many peso TNAs now sit below projected 2026 inflation.
- The divergence traces to the BCRA’s 2024 removal of a minimum rate, which let each bank set its own TNA and is prompting savers to compare offers, move funds to higher‑paying providers, or seek more complex or foreign‑currency options.