The interest rate most offered by most banks is currently 70%, although there are entities that have decided to improve the performance for their clients.
The profit obtained from a fixed term investment to 30 days differs depending on the bank. The interest rate most offered by most banks is currently 70%, although there are entities that have decided to improve the performance for their clients.
If an investor wants to make a 30-day fixed term of $200,000 with a rate of 70%, they will obtain $11,660 once the established period of time has ended. If the TNA is 71%, you will have a difference in your favor of $11,820. With a profitability of 72% You will receive $12,000 in returns.
How much do banks pay for a fixed term?
- National Bank: 70%
- Santander Bank.: 70%
- Galicia Bank: 70%
- Bank province: 70%
- BBVA Bank: 70%
- Macro Bank SA: 71%
- HSBC.: 70%
- Credicoop Bank: 70%
- ICBC (Argentina) SAU: 70%
- city Bank: 70%
- Banco Bica SA: 72%
- CMF Bank SA: 74%
- Banco Comafi Sociedad Anónima: 71%
- Banco de Corrientes SA: 70%
- Bank of the Province of Córdoba SA: 70%
- Banco del Sol SA.: 75%
- Banco Dino SA: 70%
- Banco Hipotecario SA: 71%
- Banco Julio Public Limited Company: 71%
- Banco Masventas SA: 64%
- Banco Meridian SA.: 75% clients, 73.5%
- Provincial Bank of Tierra del Fuego: 73%
- Banco Voii SA.: 75%
- Bibank SA.: 73%
- Regional Credit Financial Company SA: 76% clients, 72% non-clients
Fixed-term deposits are collapsing: why are they no longer a business?
The deposits to traditional fixed term fell 22.3% in real terms in January, which shows the savers’ decision to withdraw their money from the banks because the interest rate paid was well below inflation.
This was revealed by the monthly Bank Report published by the Central Bank of the Argentine Republic (BCRA). The savers’ decision is the result of the fact that during January Banks paid an interest rate close to 9%, while inflation was 20%.
Given the obvious loss of purchasing power, the owners of the fixed-term loans decided to withdraw their deposits and divert them towards other investments.
Source: Ambito
