The Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days.
He Central Bank (BCRA) published the interest rates offered by the main banking entities for fixed-term deposits in pesos for 30 days. Currently, annual nominal rates (TNA) range between 30% and 42%, according to the entity.
It should be noted that the consumer price index (CPI) stood at 3.5% for September. Currently, the monthly effective rate (TEM) of fixed terms around 3.33%, on average. Thus, fixed-term deposits are yielding, according to the bank, about $32,000 per $1,000,000.
With the projections inflationary for October, where Private consultants maintain that the October CPI would decelerate to less than 3.5% (the REM estimates 3.4%)which would make the return that banks provide for having paralyzed deposits in pesos more attractive.
Fixed term: this is the interest rate of each bank
Below is a table with the most recent rates offered by the country’s largest banks. These data have been updated as of October 8, 2024:
- Reba: 42%
- Bank VoII: 42%
- CMF Bank: 42%
- Bica Bank: 40%
- Bibank: 40%
- Meridian Bank: 40%
- Banco Nación: 39%
- Comafi Bank: 39%
- Regional Credit Financial Company: 38%
- Macro Bank: 38.5%
- Mortgage Bank: 38%
- Banco Galicia: 37.5%
- Banco del Chubut: 37.5%
- Banco Julio: 37.25%
- Dino Bank: 37%
- HSBC Bank: 37%
- Credicoop Bank: 36.5%
- Banco Galicia: 36%
- ICBC Argentina: 35.45%
- Bank of the Province of Buenos Aires: 35%
- BBVA Argentina Bank: 35%
- City Bank: 35%
- Bank of Córdoba: 35%
- Banco del Sol: 33%
- Banco Masventas: 30%
Source: Ambito
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