With the latest update from the Central Bank, banks adjusted the interest rates on fixed terms. Today, entities offer returns that are around 32% annually.
In a economic context which is marked by exchange rate uncertainty and the search for safe investment optionsfixed terms continue to be one of the alternatives most chosen by Argentine savers. With the latest update of interest rates, banks adjusted their yields to align with the provisions of the Central Bank of the Argentine Republic (BCRA), which continues to closely monitor the financial market.
This movement occurs at a key moment, since the inflation still shows endurancehe dollar maintains the pressure and the investors Retailers are looking for instruments that offer them stability without having to expose yourself to great risks. In this scenario, comparing the interest rates offered by financial institutions is essential to choose where to deposit your savings and have the best possible return.
fixed term investments
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Fixed term: the interest rates of each bank today, October 15
According to updated data from the Central Bank of the Argentine Republic (BCRA), the minimum interest rate for traditional fixed terms in pesos for 30 days remains around 40% of the Annual Nominal Rate (TNA) for retail deposits.
However, each bank can offer different values depending on its commercial strategy and the profile of its clients. Here the main Argentine banks:
- Banco de la Nación Argentina: 41%
- Santander Bank: 35%
- Banco Galicia: 44%
- Bank of the province of Buenos Aires: 37%
- BBVA: 39%
- Macro Bank: 44%
- Credicoop Bank: 39%
- ICBC: 42.4%
- City Bank: 35%
Source: Ambito
