Fixed terms continue to be an option to protect savings in Argentina, although choosing the correct rate and term is key.
Argentina is experiencing a moment of high economic stressgiven that inflation is the protagonist and savers are looking for alternatives to protect their purchasing power. In this framework, fixed terms became one of the most used instruments to avoid losses in the face of rising prices.
Competition between banks to offer best rates and the decisions of Central Bank of the Argentine Republic (BCRA) regarding reserve requirements and regulation, redefine the attractiveness of this financial tool every day.
fixed term investments
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Fixed term: the interest rates of each bank today, October 15
The Central Bank of the Argentine Republic (BCRA) offers a comparative system that allows you to see the Annual Nominal Rates (TNA) offered by each bank for 30-day depositsfor clients and for those who are not regular clients. Here the main banks in the country this Thursday, October 15:
- Banco de la Nación Argentina: 41%
- Santander Bank: 37%
- Banco Galicia: 41%
- Bank of the province of Buenos Aires: 39%
- BBVA Bank: 42%
- Macro Bank: 45%
- Credicoop Bank: 39%
- ICBC: 42.4%
- City Bank: 38%
Source: Ambito
