The banks adjusted the rates of the fixed deadlines in the middle of the new measures of the Central Bank and the competition for capturing deposits in pesos.
The fixed deadlines in Argentina became in recent times a focus of interest for saverssince the widespread rise in interest rates aroused expectations and gender the need to look for entities with the best yields within a scenario with the characteristic volatility of the Argentine economy. This way, The profitability offered by the banks became a key variable to retain capitals in pesos.
This Friday, October 3, the National Bank It remains the one with a more attractive interest rate for those who place amounts for a period of 30 days.
Why the banks increased the interest rates of the fixed deadlines
The rise in the interests that apply the fixed deadlines Respond to a combination factors: Macroeconomic pressures and monetary regulations. The BCRA adjusted the reserves requirements that banks must maintain and allowed them to integrate them with titles, which was a relief about the liquidity of the banking system.
The Banks They need to attract funds in pesos to finance their operations in a context in which the local currency remains active and for this they must compete with better rates. The fall of wholesale rates is also a factor that influences. In that sense, the Annual Nominal Rate (TNA) It fell from 67% to 45.94% in a matter of days.
INVESTMENTS MARKETS FIXED TERM
Depositphotos
Taking into account that there is no longer the mandatory minimum rate for fixed deadlines, each banking entity defines the offer according to Suestrategia.
One by one, the interest rates of each bank
Next, a review of the interest rates offered by some of the main banks in Argentina for fixed deadlines at 30 days.
- Nation Bank: TNA 37.5%
- Bank Province of Buenos Aires: TNA 34%
- ICBC Bank: TNA 35.15%
- Macro Bank: TNA 36.5%
- Galicia Bank: TNA 32.25%
- BBVA Bank: TNA 35.5%
- Santander Bank: TNA 35%
- CREDICOOP BANK: TNA 37%
- City Bank: 31%
It is important to note that the rates vary according to the minimum deposit required, the amount, the hiring channel (if online or face -to -face) and the conditions that each bank puts.
Source: Ambito
