Overview
- This week the 30‑day plazo fijo average TNA sits around the mid‑teens, about 17.5%, with major banks typically offering roughly 15%–19.5% while several fintechs and smaller lenders advertise TNAs in the low‑to‑mid‑20s.
- The Banco Central removed mandatory minimum rates, which has produced a wide dispersion of offers and led many banks to pay more for online or home‑banking placements than for in‑branch deposits.
- Digital wallets and cuentas remuneradas such as Ualá, Cocos and others are competing aggressively with higher nominal yields but often apply balance caps or other conditions that limit how much a saver can earn.
- Because monthly inflation remains several percent, many traditional 30‑day fixed deposits now deliver zero or negative real returns, driving investors and advisers toward CER‑linked bonds, dollar sovereign and corporate bonds, CEDEARs and money‑market funds.
- The practical effect for households is larger: at current rates an investor needs roughly 8 million pesos in a plazo fijo to earn about 100,000 pesos in one month, so savers are comparing channels, institutions and alternative instruments before renewing deposits.