In the midst of the exchange volatility and the monetary squeeze of the BCRA, the rates of the fixed retail deadlines climb up to 55% TNA to 30 days. In parallel, credit is more expensive.
The Retail terms rates They rose again in a context marked by volatility in the peso market and Monetary tourniquet implemented by the government to try to contain the dollar. Some Banks They already offer until 55% TNA to 30 days For retail placations. In parallel, credit is more expensive.
This movement occurs in the middle of the strong monetary squeeze that the government is executing to dry the pesos square after the end of the Lefis and only days of the Legislative Elections of the Province of Buenos Aires.
According to the yield comparator of the Central Bank (BCRA)the Annual Nominal Rate (TNA) For a fixed a fixed a 30 -day retail period, it ranges from 32% and 55%according to the entity.
In this way, the Effective monthly rate (TEM) climb a maximum of 4.5%while the inflation It did not exceed 2% in recent months and although in August the consultants foresee that it can pierce that level, it would not be very remote. That is, the return would double the consumer price index (CPI).
As for Minimum deadlines and amountseach bank establishes its own conditions, although most maintain the standard scheme of 30 days. The rate offered may vary according to the fixed term modality: traditional, with automatic renewal or under special conditions for digital clients.
Interest Fixed Term Investments
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With this scheme, the Fixed deadlines gain attractive as a protection tool in the face of inflation, in a context marked by the exchange volatility. However, with a still very demanded dollarinvestors are discussed between prioritizing exchange coverage or taking advantage of the greatest profitability in pesos.
In parallel, the Tamar (wholesale rate of Argentina) —What reflects the average yield of fixed deadlines in pesos for minimum amounts of $ 1 billion at 30-35 days-it is already located around 80% annual.
This level of rates significantly increases access to credit for both companies and families. In the first case, it contributes to Ameseing economic activity; In the second, it raises the risk of Money in homeswhich face greater difficulties in fulfilling their financial commitments.
Fixed deadline: What rate pays each bank, this Friday, August 29
- Tierra del Fuego Bank: 54% TNA
- Macro Bank: 48%
- CMF: 55%
- BICA BANK: 54%
- BANCO VOII SA: 54%
- Reba: 54%
- MERIDIAN BANK: 54.25%
- Mariva Bank: 53%
- Bank of the Province of Córdoba: 52%
- Bank of Corrientes: 50%
- Regional credit: 52%
- Mortgage Bank: 52.5%
- Comafi Bank: 47%
- Sun Bank: 51%
- Nation Bank: 47%
- Creicoop Bank: 47%
- Galicia Bank: 44%
- Province Bank: 45%
- Banco Dino Sa: 45%
- Chubut Bank: 42.5%
- BBVA Bank: 51%
- Julio Bank: 42%
- City Bank: 35%
- Formosa Bank: 32%
- MAS SALES BANK: 30%
Source: Ambito
