The fixed deadline in dollars is once again an option: Argentine banks upload rates and reach up to 5.5% per year. What are the best options and what conditions apply.
The removal of the exchange rate opened a new window for Argentine savers: now it is possible to buy dollars through home Banking at more accessible prices. But there is more: with the launch of a plan for the Argentines to “take the dollars of the mattress”, the banks went out to compete strong to capture those currencies. As? Raising the interest rates of fixed deadlines in dollars, which in some cases already exceed those offered by the US market.
After years of unattractive rates, fixed deadlines in dollars seek to recover prominence. In recent weeks, several banks raised the yields they pay for these placements, to the point of overcoming the current inflation of the United States (2.4% annual) and even the performance of the treasure bonds.
The numbers speak: some entities already offer rates that reach 5.5% annually in dollars, but with one condition: keep the deposit at least 12 months. A true paradigm change for the Argentine market, where historically the fixed deadline in dollars failed to overcome the wear of international inflation.
Not all entities adjusted their rates: some still offer very low returns, below 0.5% per year, and still do not attract the public. But the banks that did join the move mark the rhythm of this new competition.
Fixed Term Investments
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The banks leading the rates career
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Supervielle: It launched the best market rate, with a TNA of 2.5% to 90 days and 5.5% to one year. In addition, he promotes his Remunerated account in dollarswhich pays 2% per year for individuals and 1.5% for SMEs, with immediate availability.
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Macro Bank: Also strong. It offers 5.17% per year for fixed deadlines to 12 months, 4.85% for placations of 9 to 12 months and 4.1% for more than 6 months. With the slogan “Do not sleep on your dollars, make them grow in macro”, seeks to attract the most conservative savers.
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National Bank: pays up to 5% per year within a fixed online period at 370 days, but in the branch the rate falls to 2.25%. Thus, for a tank of US $ 10,000 to one year you can obtain up to US $ 506.85 in interest.
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BBVA: adjusted its rates up to 4.5% per year for deposits of 9 to 12 months and 4% for 6 months. The minimum amount is US $ 1,000. For shorter placements, the rate is lower: 1% to 30 days, 1.5% to 60 days, 2.5% at 90/120 days, 3% to 150 days and 4.5% to 180 days.
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Galicia: It offers between 2.4% and 3.85% annual, depending on the elected period. In addition, it launched a remunerated account in dollars, cashback in the American currency and a Money Market background (FIMA Premium dollars). The bank reported that in just four days they added 150,000 new clients for this benefit, tripling the openings.
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Comafi: pay between 1% and 4% annually, depending on the deadline. For example, 1% to 30/45 days, 1.75% at 60/90 days, 2.25% to 120 days, 2.75% to 180 days and 4% to 360 days.
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Patagonia: More conservative, pay 1.25% for deadlines of 30 to 89 days, 1.5% for 90 to 364 days and 2% for placing one year or more.
Investments fixed term
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Change of time or just a mirage?
Despite these incentives, the Argentine financial system still does not record a massive leap of deposits in dollars. According to data from the Central Bank, after the official ads, private deposits in dollars rose US $ 77 million, but lowered slightly the next day. The total stock is maintained around US $30,723 million.
It will be necessary to see if these rates manage to seduce savers or if, like so many times, the “dollar mattress” remains the favorite refuge of Argentines.
Source: Ambito
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