With the beginning of a new week in October, banks adjust their rates to capture deposits in pesos.
The financial market keeps its attention focused on the rates offered by banks for fixed terms. In a context of high inflation and exchange rate volatility, every tenth account for savers who seek to make their pesos go further.
Even though he Central Bank of the Argentine Republic (BCRA) publishes the comparative tables of each entity, the offer of each bank moves quickly, according to its need to capture deposits.
New week in October, new fixed-term rates?
This new week of October, Banks continue to adjust their rates to compete for deposits in pesos. In recent months, the jumps in the rates they offer were evident, some banks were close to 48% of the Annual Nominal Rate in certain conditions.
Fixed Term Silver
The official BCRA table is one of the reference points to compare the rates that banks offer for 30-day terms operated through digital channels. Banks do not always transfer market changes to their proposals immediately, which can generate gaps between the levels they offer to clients and non-clients.
One, by one, the interest rates of each bank
According to BCRA records, for 30-day online deposits, this is the list of banks according to the 30-day Annual Nominal Rate (TNA):
- Banco Nación: 39%
- Santander Bank: 35%
- Banco Galicia: 43%
- Bank of the Province of Buenos Aires: 37%
- BBVA: 37%
- Macro Bank: 39%
- Credicoop Bank: 39%
- ICBC: 41.45%
- City Bank: 35%
Source: Ambito
