In order to retain capitals, banks offer increasingly attractive interests in deposits in fixed deadlines. Cotejá the rates of each entity.
Within an inflationary economic framework and with exchange volatility, deadlines fixed They are considered one of the most chosen options by Argentine savers who want an income in pesos. But in recent days, Many banks adjusted interest rates in order to retain pesos. In practice, this forces users to carefully compare before deciding where to invest their funds.
The rebound of rates is no coincidence, to the extent that it responds to the decisions of the Central Bank of the Argentine Republic (BCRA) Already the strategy of banking entities to retain capitals in a competitive financial market. This Monday, October 6, the Banco Nación remains the best rate offers savers.
Banks increase interest rates of fixed deadlines
The rise in interest rates in deadlines fixed It is a combination of macroeconomic factors and recent regulatory decisions. Such as BCRA monetary policywhich uses the interest rate as a reference and tool to combat inflation and moderate the demand for dollars. That is why when the rate rises, the credit is more expensive and that discourages the exit of capital towards foreign currencies.
Investments fixed term
Depositphotos
There are also inflationary pressure and expectations in front of persistent forecaststhat’s why banks offer higher yields to compensate for the loss of purchasing power of money. If the rates do not accompany inflation, many savers migrate to other alternatives such as the dollar. To the Free the minimum rates required for fixed deadlines in pesoseach bank has more freedom to fix their own and that made many uploads to attract more deposits.
Meanwhile, the rates for fixed deadlines reflects both a Monetary policy reaction Like one Banking strategy against the inflation, exchange and competitive environment.
The interest rates of each bank
According to the latest data published by the BCRA banks offer the following annual nominal rates (TNA) For fixed deadlines at 30 days in pesos:
- Argentine Nation Bank: 37.5%
- Santander Bank: 35%
- Banco Galicia: 35.5%
- Bank Province of Buenos Aires: 34%
- BBVA Bank: 35.5%
- Macro Bank: 38%
- Creicoop Bank: 37%
- ICBC Bank: 35.15%
- City Bank: 31%
Source: Ambito
