With the increase of the dollar, the banks adjusted their rates and raised it up to 29%. There are two banks that stand out over the rest in 30 -day placement.
After the exchange tension and an inflation in February that exceeded expectations, the market anticipates that a new jump can come in March and the traditional fixed deadline could lose the land earned. However, A movement that banks made on Friday that improves profitability could avoid it. What alternative it is more convenient to in this context and what are the banks that offer the most weight rate.
According to the last survey of market expectations (REM), prepared by the Central Bank from surveys to 40 economists, March inflation would rise to 2.2%. For the following months the forecasts remained quite stable; in fact, The market is still waiting for the consumer price index (CPI) to drill 2% monthly in April.
With these numbers, the traditional fixed term offered by Banco Galicia and Banco Macro in 29% TNA, would be the most convenient option since it would exceed the inflation of the period (2.4% TEM). A fixed period adjusted by grapes, – whose calculation is based on inflation of the last 45 days – would offer 2.3%. He Traditional fixed term (29% TNA) It would be more convenient than the fixed grape termgiven that overcomes inflation And you don’t have the immobilization requirements of the grape (which requires leaving the money for 180 days to obtain significant performance).
Investments fixed term.jpg
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He fixed grape termon the other hand, it is adjusted to the inflation of the last 45 days, and if the inflation of those days is 2.2%the yield will be close to that percentage, which is lower than the monthly performance of the traditional fixed term.
Although the REM anticipates a possible reduction in interest rates in the next quarter, for the moment, the traditional fixed term remains an effective tool to preserve purchasing power. However, it is important to consider that in periods of exchange tension, the performance of the traditional fixed term could be exceeded by the evolution of the dollar. For example, during the last volatility phase, the MEP dollar adjusted its value in a 3.8%considerably higher performance than 2.2% offered by most banks for fixed deadlines at 30 days.
What rate banks offer for the fixed term
The ten banks with the highest deposit volume, offer these rates for their customers taking into account that the reference rate is located at 29% TNA:
- Nation Bank: 27%
- Santander Bank: 25%
- Galicia Bank: 29%
- Province Bank: 26.5%
- BBVA Bank: 26.5%
- Macro Bank: 29.5%
- Banco Ggal Sa (Galicia more): 28.25%
- Creicoop Bank: 28%
- ICBC: 25%
- City Bank: 25%
Source: Ambito
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