The interest rates offered by banking entities underwent some changes this week. Let us remember that since mid-March, the BCRA decided to deregulate the yields of fixed terms, by eliminating the minimum rate.
Some banks in the financial system decided this week to adjust interest rates downwards of the Fixed deadlines 30 days, so some entities pay a minimum of 64% annual nominal.
Let us remember that the central bank (BCRA) surprised the market in mid-March 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 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.”
At that time, 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. But, as the days went by, the entities adjusted it even more.
Fixed term ranking, Wednesday, March 27, 2024
The rate proposed by most banks is 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%. But there are entities that offer 7 points above and others 6 points below. Below is the nominal annual rate offered by each bank:
Fixed term: the bank that pays a 77% rate
Fixed term: the bank that pays a 76% rate
- Regional Credit Financial Company – 76% TNA
Fixed term: the bank that pays a 75% rate
Fixed term: the bank that pays a 74% rate
Fixed term: banks that pay rates of 73%
- Tierra del Fuego Bank – 73% TNA
- BiBank – 73% TNA
Fixed term: banks that pay rates of 72%
- Bica Bank – 72% TNA
- Banco del Sol – 72% TNA
Fixed term: banks that pay rates of 71%
- Mortgage Bank – 71% TNA
- Macro Bank – 71% TNA
- Comafi – 71% TNA
- Banco Julio – 71%
Fixed term: banks that pay rates of 70%
- 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
- Santa Fe Bank – 70% TNA
- Banco Entre Ríos – 70% TNA
- Banco San Juan – 70% TNA
- Santa Cruz Bank – 70% TNA
- Dino Bank – 70% TNA
Fixed term: the bank that pays a 64% rate
- Masventas Bank – 64% TNA
Source: Ambito
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