Buenos Aires, November 25 (NA) – The Central Bank lowered the interest rate it pays to banks, which caused financial institutions to reduce the returns they offer customers on fixed-term deposits.
A survey by the Argentine News Agency shows that in many cases, the returns can be negative against inflation.
Banks that pay more and those that pay less
Among banks with the largest deposit volume:
Those that pay the most: Banco Macro: 30% APR ICBC: 28% APR Banco de la Provincia de Buenos Aires: 28% APR Banco Creedicop: 28% APR Banco Nación: 27% APR
Those that pay the least (26% APR): Banco BBVA: 26% APR Banco Ciudad: 26% APR Banco Santander: 25% APR Banco Galicia: 24% APR
Other banks with more attractive rates (above 30%): Banco Meridian S.A.: 33.5% APR Banco Voii: 33.5% APR Crédito Regional: 33% APR Reba Compañía Financiera S.A.: 32% APR Banco Provincia de Córdoba S.A.: 32% APR Banco Bica S.A.: 32% APR Banco Provincia de Tierra del Fuego: 32% APR Banco Mariva: 31% APR Banco de Corrientes S.A.: 31% APR Banco CMF S.A.: 30% APR Banco del Sol S.A.: 30% APR Bibank S.A.: 30% APR Banco BMV: 30% APR Banco Julio S.A.: 30% APR Banco de Comercio: 30% APR Banco Dino S.A.: 29% APR Banco Hipotecario: 28.5% APR Banco del Chubut S.A.: 28% APR Banco Comafi S.A.: 27.5% APR Banco de Formosa: 27% APR
