After the last decision of the Central Bank (BCRA) As of January 16, the reference rate remains at 32% nominal annual rate, which is equivalent to 2.6% monthly. This value serves as the basis for the formation of the interest rates offered by banks on fixed-term deposits.
An analysis carried out with data from this week reveals a considerable dispersion in offers, ranging between 23.5% and 32% TNA (Annual Nominal Rate), which exposes the substantial variations in the final profitability.
This disparity underscores the importance of a thorough evaluation before investing. To illustrate, a placement of $1,000,000 for a 30-day fixed term with a TNA of 32% produces a return of $1,026,301.37while, with a TNA of 28%, the performance is reduced to $1,023,013.70.
Fixed term: bank by bank, how much they pay
Banks ordered by TNA (highest to lowest) and their monthly performance for $1,000,000.
- Banco Meridian SA, Banco Voii SA, Reba Compañía Financiera: 32.00% TNA – $1,026,301.37
- Regional Credit Compañía Financiera SA: 31.00% TNA – $1,025,479.45
- Banco Bica SA, Banco del Chubut SA: 30.50% TNA – $1,025,068.49
- Banco CMF SA, Banco Provincia de Tierra del Fuego, Bibank SA: 30.00% TNA – $1,024,657.53
- Banco Macro SA, Banco Julio Sociedad Anónima: 29.50% TNA – $1,024,246.58
- Banco Provincia de Buenos Aires, Banco Credicoop Cooperativo Limitado, Banco de Corrientes SA, Banco Provincia de Córdoba SA, Banco Dino SA, Banco Hipotecario SA: 29.00% TNA – $1,023,835.62
- Banco Comafi Sociedad Anónima: 28.50% TNA – $1,023,424.66
- Banco Nación Argentina, Banco BBVA Argentina SA, Banco Ciudad de Buenos Aires, Banco del Sol SA: 28.00% TNA – $1,023,013.70
- ICBC (Argentina) SAU: 27.80% TNA – $1,022,849.32
- Banco Galicia y Buenos Aires SAU, HSBC Bank Argentina SA: 27.50% TNA – $1,022,602.74
- Banco Santander Argentina SA: 27.00% TNA – $1,022,191.78
- Banco Masventas SA: 23.50% TNA – $1,019,315.07
In the field of public banking, institutions such as Banco Nación Argentina, Banco Provincia de Buenos Aires and Banco Ciudad present TNAs that range between 28% and 30%. This translates into returns that vary between $1,023,013.70 and $1,023,835.62 for a 30-day deposit of $1,000,000. Specifically, Banco Nación Argentina, with a TNA of 28%, offers a return of $1,023,013.70, while Banco Provincia de Buenos Aires and Banco Ciudad, with a TNA of 29%, reach a return of $1,023. .835.62.
The private sector exhibits a greater diversity of rates. Entities such as Banco Santander Argentina, Banco Galicia and Banco Macro operate with TNAs ranging from 27% to 30.5%. An example is Banco Macro, whose TNA of 29.5% results in a monthly return of $1,024,246.58, surpassing some public banking offers.
At the upper end of the range are entities such as Banco Bica, Banco del Chubut and Banco Meridian, which reach a TNA of 32%, generating a monthly return of $1,026,301.37, which makes them attractive options for those seeking to maximize the profitability. Banco Voii also offers a TNA of 32%, consolidating itself as a profitable alternative. Other options to consider are Crédito Regional Compañía Financiera, with a TNA of 31% and a yield of $1,025,479.45 at 30 days, and Banco CMF SA, with a TNA of 30% and a yield of $1,024,657.53 in the same term.
At the other extreme, Banco Masventas has the lowest TNA in the market, with 23.5%, which implies a monthly return of $1,019,315.07 for a deposit of $1,000,000. This difference becomes evident when compared to the highest rates, which can generate up to an additional $7,000 in the same period.
Other entities such as Industrial and Commercial Bank of China (Argentina), with a TNA of 27.8%, offer a monthly return of $1,022,849.32, while Banco Galicia and Banco GGAL, with a TNA of 27.5%, They generate returns of $1,022,602.74.
Finally, regional and cooperative banks such as Banco Credicoop, Banco de Corrientes and Banco de Córdoba offer competitive rates close to 29%, with monthly returns of $1,023,835.62. Likewise, Reba Compañía Financiera, together with Banco Meridian, with TNAs greater than 31%, are positioned as interesting alternatives to optimize income.
Source: Ambito
