Fixed-term rates move again after the BCRA changes: what the main banks offer today.
In an economic context marked by high inflation and exchange rate volatilityfixed-term deposits are one of the preferred alternatives for those seeking to protect the value of their money. Far from being a passive refuge, this instrument requires carefully evaluating the rates offered by the different banks. To date, the Annual Nominal Rate (TNA) yields offered by some banking entities register significant variations, which makes it important to make the comparison.
With the elimination of the mandatory minimum floor for fixed-term rates established by the Central Bank of the Argentine Republic (BCRA), entities have greater freedom to set their offers, and the result is a growing dispersion of returns according to customer profile, amount and channel.
fixed term investments
Fixed term: interest rates in the main banks today, Wednesday, October 22
For a saver evaluating a 30-day deposit, the differences in rates imply significant variability in the expected monthly income.
It is key to review not only the TNA, but also the automatic renewal conditions, the requirement to be a client, the minimum amount and whether tax withholding applies. These are the numbers for Wednesday, October 22:
- Banco de la Nación Argentina: 44%
- Santander Bank: 37%
- Banco Galicia: 37%
- Provincial Bank: 39%
- BBVA: 40%
- Macro Bank: 44%
- Credicoop Bank: 39%
- ICBC: 40.8%
- City Bank: 38%
Source: Ambito
