The Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days.
After the slowdown in inflation, the performance of fixed terms is recalculated. At this moment, Banks offer returns of, on average, 30% of the Annual Nominal Rate (TNA).
The fixed term is one of the most popular options among Argentines due to its ease and because it offers higher returns in pesos compared to the purchase of financial dollars or the informal market.
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 $12,350 in interest, with an APR of 30%. In Santandera fixed term of $500,000 pesos for 30 days in the Santander would be about $11,100 would be the interest earned (with an APR of 27%).
Fixed term: the best rates on the market
Currently, banks adjusted interest rates for fixed terms as follows:
- Bank of the Argentine Nation: 30%
- Banco Santander Argentina: 27%
- Bank of Galicia and Buenos Aires: 28%
- Bank of the Province of Buenos Aires: 29%
- BBVA Argentina Bank: 29%
- Macro Bank: 331.5%
- HSBC Bank Argentina: 28%
- Credicoop Cooperative Limited Bank: 29%
- Industrial and Commercial Bank of China (Argentina): 29.3%
- Bank of the City of Buenos Aires: 28%
- BICA Bank: 32%
- CMF Bank: 35%
- Comafi Bank: 30%
- Current Bank: 29%
- Bank of the Province of Córdoba: 29%
- Chubut Bank: 32%
- Sun Bank: 28%
- DINO Bank: 29%
- Mortgage bank: 29%
- Julio Bank: 29.5%
- Masventas Bank: 23.5%
- Meridian Bank: 33%
- Provincial Bank of Tierra del Fuego: 30%
- VOII Bank: 35%
- BIBANK: 30%
- Regional Credit Financial Company: 34%
Source: Ambito
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