Economy Local 2025-11-17T13:27:48+00:00

Argentinian Banks Lower Deposit Rates

Due to the improvement in the money supply, Argentinian banks continue to lower interest rates on fixed-term deposits. A survey shows that in many cases, the yields are negative against inflation.


Argentinian Banks Lower Deposit Rates

Buenos Aires, November 17 (NA) – Due to the improvement in the money supply, banks continue to lower interest rates on fixed-term deposits. A survey by the Argentine News Agency (Agencia Noticias Argentinas) shows that, in many cases, the yields are negative against inflation. Banks that pay more and those that pay less. Among banks with the highest volume of deposits: Those that pay the most: Banco Macro: 30% annual rate, ICBC: 28% annual rate, Banco de la Provincia de Buenos Aires: 28% annual rate, Banco Creedicop: 28% annual rate, Banco Nación: 27% annual rate, Banco Ciudad: 26% annual rate. Those that pay the least (26% annual rate): Banco BBVA: 26% annual rate, Banco Ciudad: 26% annual rate, Banco Santander: 24% annual rate, Banco Galicia: 24% annual rate. Other banks with more attractive rates (above 30%): Reba Compañía Financiera S.A.: 36% annual rate, Crédito Regional: 34% annual rate, Banco Voii: 33.5% annual rate, Banco Meridian S.A.: 33.5% annual rate, Banco CMF S.A.: 33% annual rate, Bibank S.A.: 33% annual rate, Banco de Corrientes S.A.: 33% annual rate, Banco Provincia de Córdoba S.A.: 32% annual rate, Banco Bica S.A.: 32% annual rate, Banco Mariva: 32% annual rate, Banco Provincia de Tierra del Fuego: 32% annual rate, Banco del Sol S.A.: 32% annual rate, Banco BMV: 30% annual rate, Banco del Chubut S.A.: 30% annual rate, Banco Julio S.A.: 30% annual rate, Banco de Comercio: 30% annual rate, Banco Dino S.A.: 29% annual rate, Banco Hipotecario: 28.5% annual rate, Banco Comafi S.A.: 27.5% annual rate, Banco de Formosa: 27% annual rate.

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