After the entry into force of the regulations, over the days the interest rate proposals offered by banking entities undergo some changes in the ranking.
He central bank (BCRA) surprised the market with a strong lowering monetary policy ratesbringing the cost of debt to 80% annually nominal to “boost consumption and encourage economic investment.” At the same time, the decision of the monetary authority eliminated the minimum rate on fixed termswith the aim of promoting “greater competition in the banking field and providing consumers with more favorable conditions for their savings and investments.”
As expected, the banks changed their interest rate for placements fixed term in pesos by below the raised by the body in charge of Santiago Bausillicutting the interest rate by up to 40 points.
Fixed term ranking
In the new scenario, the proposals of the different Bank entities in relation to the interest rates that they provide. In the last days, some banks modified the percentage they grant in annual terms.
The lowest rates proposed by the banks are 70%. That is, if they invest $100,000will be received $105,753.42 within 30 days. Which would also imply a monthly performance of the 5.75%.
Fixed term: banks and the annual nominal rate (TNA) they offer as of March 19
- Ualá (Uilo) – 77% TNA
- Regional Credit Financial Company – 76% TNA
- Banco del Sol – 75% TNA
- Mortgage Bank – 75% TNA
- Meridian Bank- 75% TNA
- CMF Bank – 74% TNA
- Dino Bank – 73% TNA
- Tierra del Fuego Bank – 73% TNA
- BiBank – 73% TNA
- Bica Bank – 72% TNA
- Macro Bank – 71% TNA
- Comafi – 71% TNA
- Banco Julio – 71%
- Banco Nación – 70% TNA
- Santander – 70% TNA
- Galicia – 70% TNA
- Banco Provincia – 70% TNA
- BBVA – 70% TNA
- HSBC – 70% TNA
- Credicoop – 70% TNA
- ICBC – 70% TNA
- Banco Ciudad – 70% TNA
- Current Bank – 70% TNA
- Bancor – 70% TNA
- Masventas Bank – 70% TNA
- Santa Fe Bank – 70% TNA
- Banco Entre Ríos – 70% TNA
- Banco San Juan – 70% TNA
- Santa Cruz Bank – 70% TNA
- Bancor -70% TNA
Source: Ambito
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