Analysts expect the BCRA to keep rates at competitive levels so as not to lose attractiveness compared to other forms of investment, such as bonds and foreign currencies. However, savers are the ones who will evaluate their best option.
The Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days.
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He Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days. Currently, the annual nominal rates (TNA) oscillate between 30% and 40%, according to the entity.
Despite the stability in rates, inflation remains a central concern, since the accumulated rate is 104.4% in the last year. Analysts expect that The BCRA keeps rates at competitive levels so as not to lose attractiveness compared to other forms of investmentsuch as bonds and foreign currencies, however, savers are the ones who will evaluate their best option.
With the consumer price index (CPI) projected at 3.5% for September, Some economists predict that fixed-term rates could undergo upward adjustments in the coming weeks to generate greater incentive. Currently, the monthly effective rate (TEM) for fixed terms is around 3.33%.
In general terms, the banks that lead the offer of rates are Reba, Banco Bica, Banco CMF, Banco VoII and Bibank, all offering the 40% cap.
Thus, fixed-term deposits are yielding, according to the bank, about $30,000 per $1,000,000 million.
Fixed term: this is the interest rate of each bank on Friday, September 27
Below is a table with the most recent rates offered by the country’s largest banks. These data have been updated as of September 27, 2024:
- Reba: 40%
- Bica Bank: 40%
- CMF Bank: 40%
- Bank VoII: 40%
- Bibank: 40%
- Comafi Bank: 39%
- Meridian Bank: 39%
- Regional Credit Financial Company: 38%
- Banco del Chubut: 37.5%
- Banco Julio: 37.25%
- Dino Bank: 37%
- Banco Nación: 37%
- Banco Galicia: 37.5%
- Macro Bank: 37%
- HSBC Bank: 37%
- Bank of the Province of Buenos Aires: 35%
- BBVA Argentina Bank: 35%
- Credicoop Bank: 35%
- ICBC Argentina: 35.45%
- City Bank: 34%
- Mortgage Bank: 36%
- Bank of Córdoba: 35%
- Banco del Sol: 33%
- Banco Masventas: 30%
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
