The Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days.
At least six banks raised rates for fixed-term deposits in pesos and, currently, there are already about eight entities that offer 40% or more (TNA) to 30 daysaccording to information provided by the Central Bank (BCRA).
It should be noted that the Consumer price index (CPI) was 3.5% in September, and is expected to be close to 3% in October, according to private estimates. Currently, the monthly effective rate (TEM) of fixed terms at Banco Nación is of 3.2%, with which for For every $1,000,000, the entity pays about $32,000.
With the projections inflationary for October, where Private consultants maintain that the October CPI would slow down for the second consecutive month (the REM estimates 3.4%, but some analysts already project 3%)the return that banks provide for having paralyzed deposits in pesos would become more attractive.
Fixed term: this is the interest rate of each bank
Below is the list of banks, with the annual nominal rate (TNA) that they offer through 30-day fixed terms, and the indication of whether or not they raised the yield in the last week. This data was updated on October 22, 2024:
- Reba: 42% TNA
- Bank VoII: 42%
- CMF Bank: 42%
- Banco Bica: 42% (up)
- BiBank: 40%
- Meridian Bank: 40%
- Mortgage Bank: 40% (up)
- Regional Credit Financial Company: 40% (up)
- Banco Nación: 39%
- Comafi Bank: 39%
- Current Bank: 39%
- Macro Bank: 38.5%
- Banco del Chubut: 38.5% (increased)
- Tierra del Fuego Bank: 38.5%
- Credicoop Bank: 37.5% (up)
- Banco Galicia: 37.5%
- Banco Julio: 37.25%
- Dino Bank: 37%
- HSBC: 37%
- Banco Galicia: 36%
- BBVA Bank: 35.5% (up)
- ICBC Argentina: 35.45%
- Provincial Bank: 35%
- City Bank: 35%
- Bank of Córdoba: 35%
- Santander 33%
- Banco del Sol: 33%
- Banco Masventas: 30%
Source: Ambito
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