On Thursday, the monetary authority decided to cut the rate from 32% to 29% and the banks have already reflected it in their 30 -day placements.
The Central Bank decision (BCRA) To reduce the monetary policy interest rate brings with it a reduction in the profitability of the fixed deadlines offered by commercial banks. While the government seeks to reduce the nominality throughout the economythe most common investment among small savers could face negative yields in the coming months.
On Thursday, the monetary authority decided to cut the rate from 32% to 29%. This is equivalent to a monthly return of 2.4% and an effective annual rate (ASD) of 33.2%. In this framework, the banks have already begun to adjust the yields for the 30 -day placements.
Currently, The bank that pays the most for the fixed term is the province bank with 28.5% TNA. Meanwhile, the one who pays the least is the Santander Bank with 24% TNA for customers.
For not customers, banks that continue to pay better rate are the Banco del Sol (31%TNA), Banco del Chubut SA (30%) and Banco Voii SA (30%).
Fixed deadline: What rate pays each bank at 30 days
- Nation Bank: 25%
- Santander Bank: 24%
- Galicia Bank: 25%
- Province Bank: 28.5%
- BBVA Bank: 27.5%
- Macro Bank: 26.5%
- Creicoop Bank :: 25%
- HSBC Bank: 25%
- ICBC Bank: 27.8%
- City Bank: 25%
Other banks that report online fixed term rate for non -customers
- Banco Bica SA: 27.5% (customers), 27.5% (not customers)
- CMF SA Bank: 28%- 28%
- COMAFI BANK SA: 26.5% – 26.5%
- Bank of Corrientes S: 29%- 29%
- Bank of Córdoba SA: 29%-29%
- Chubut Bank SA: 30%-30%
- Mortgage Bank: 26%-30%
- Julio Bank: 26.5%- 26.5%
- Bank More Sales: 20.5%- 20.5%
- MERIDIAN SA BANK: 28.5%- 28.5%
- Bank Tierra del Fuego Province: 27%-27%
- VOII BANK: 30%- 30%
- Bibank S: 27%-27%
- Regional Credit Financial Company Sau: 29%-29%
- Reba Financial Company SA: 29%-29%.
Source: Ambito
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