Fixed term rates in pesos continue to rise: this Tuesday, October 21, the main banks offer returns of up to 44% annually via online channels.
The savers’ strategy is once again underpinned as a traditional deposit instrument: fixed terms in pesos show rising yields and they become one of the few options to protect savings in a context of high inflation and exchange volatility.
According to the data of the Central Bank of the Argentine Republic (BCRA)the different banks no longer govern by a fixed minimum rate, but rather each financial institution freely publishes its conditions for 30-day deposits.
Faced with this scenario, savers have the possibility of compare the percentages offered by different banks and choose the proposal that best suits the amount you wish to invest.
fixed term investments
Fixed term: interest rates in the main banks today, Tuesday, October 21
As of this Tuesday, October 21, the most relevant banks in the system are already reporting returns for 30-day fixed terms that range between values of around 37% and more than 44% annually, according to the online channel. Here are the numbers of the main banks and the Annual Nominal Rate (TNA):
- Banco de la Nación Argentina: 44%
- Santander Bank: 37%
- Banco Galicia: 37%
- Bank of the province of Buenos Aires: 39%
- BBVA: 40%
- Macro Bank: 44%
- Credicoop Bank: 42%
- ICBC: 40.8%
- City Bank: 38%
Source: Ambito
