In recent days, in order to attract more clients, some banks have decided to slightly increase rates for 30-day peso deposits.
Fixed term: find out the ranking of the banks that pay the most and the least
Depositphotos
He Central Bank of the Argentine Republic (BCRA) deregulated minimum interest rates of the fixed-term deposits offered by banks. For this reason, the entities continually modify the APRs they pay.
It is worth highlighting the context in which these rates were set. The interest of Passive one-day passes are at the level of 40% TNAso the banks set, on average, their rate between 30 and 35%.
In this frame, The rates generate a nominal monthly profit of between 2.5% and 2.8%which means that in real terms they are in negative territory since inflation is currently at 5%.
Fixed terms: how much each bank pays
- Uala/Uilo: 35% APR
- Meridian Bank: 34.5%
- Macro Bank: 34%
- Comafi Bank: 34%
- Mortgage Bank: 34%
- National Bank: 33%
- Provincial Bank: 33%
- Credicoop Bank: 33%
- Bank of Corrientes: 32%
- Santa Fe Bank: 31.5%
- Bank Entre Rios: 31.5%
- San Juan Bank: 31.5%
- Santa Cruz Bank: 31.5%
- ICBC: 31%
- City Bank: 31%
- HSBC Bank: 31%
- Galicia Bank: 30%
Source: Ambito
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