The Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days.
Fixed term, how much do I earn if I invest $500,000?
Scope
After the slowdown in inflation, the performance of fixed terms once again generates interest in savers. At this moment, Banks offer returns of 36% of the Annual Nominal Rate (TNA) in November 2024three points less than in October.
The fixed term is one of the most popular options among Argentines due to its ease and because, until recently, it offered higher returns in pesos compared to the purchase of financial or informal market dollars.
Fixed term: how much do I earn if I invest 500,000?
One of the main doubts that arise when establishing a fixed term It is how much you have to deposit to win a significant sum. In this calculation, the most important thing is to know the amount that one is willing to deposit, knowing that you will not be able to claim it for 30 days and the interest rate of the bank in which the investment is made.
For example, when depositing 500,000 in Banco Nación, The saver will receive within 30 days (minimum placement period) the invested capital plus $14,750 in interest, with an APR of 36%. In Santander, a fixed term of $500,000 pesos for 30 days in Santander would give $511,900. About $11,900 pesos would be the interest earned.
Fixed term: the best rates on the market
Currently, banks adjusted interest rates for fixed terms as follows:
- Bank of the Argentine Nation: 36%
- Banco Santander Argentina: 29%
- Bank of Galicia and Buenos Aires: 31%
- Bank of the Province of Buenos Aires: 32%
- BBVA Argentina Bank: 32%
- Macro Bank: 33.5%
- HSBC Bank Argentina: 32%
- Credicoop Cooperative Limited Bank: 34%
- Industrial and Commercial Bank of China (Argentina): 32.35%
- Bank of the City of Buenos Aires: 31%
- BICA Bank: 37%
- CMF Bank: 37.25%
- Comafi Bank: 32.5%
- Current Bank: 36%
- Bank of the Province of Córdoba: 30%
- Chubut Bank: 36%
- Sun Bank: 33%
- DINO Bank: 32%
- Mortgage bank: 30.27%
- Julio Bank: 32%
- Masventas Bank: 23.5%
- Meridian Bank: 36%
- Provincial Bank of Tierra del Fuego: 35%
- VOII Bank: 37.25%
- BIBANK: 33%
- Regional Credit Financial Company: 37%
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
