Buenos Aires, March 16 (NA) — Savings rates in pesos have moved again, and competition between virtual wallets, investment funds, and banks is more active than ever. However, each platform has its own conditions: some set maximum balance limits for the promotional rate or additional requirements to access the full return. Investment funds used by virtual wallets In addition to interest-bearing accounts, many apps use money market mutual funds to generate interest on the money users hold in their accounts. In these instruments, the rate is not fixed, as it depends on the fund's performance, although they are very low-risk and highly liquid products. This way, they seek to balance three key variables when managing short-term pesos: rate, liquidity, and money availability. Currently, some mid-sized banks offer rates close to 33% per year, while in larger entities, returns are usually between 23% and 25%. That is why many users combine different tools: they keep part of their money in virtual wallets or immediate liquidity funds and reserve another portion for fixed-term deposits or other investments. In a scenario where many users want their available money to generate returns without being immobilized, interest-bearing accounts and money market funds are consolidating as increasingly used alternatives. In this context, digital wallets are gaining ground because they allow earning interest on the available balance while the money remains accessible for transfers, payments, or consumption. These interest-bearing accounts have become popular because the deposited money generates daily interest while it remains in the digital wallet, without the need to make a specific investment. In practice, the user can keep the available balance for transfers, payments, or consumption and still get an automatic return. Unlike a traditional fixed-term deposit, these instruments allow withdrawing funds at any time or in very short periods, depending on the product. According to Noticias Argentinas agency, the movement also affects banks, which maintain their offer of fixed-term deposits for 30-day deposits and try to remain competitive against the advance of financial applications that concentrate more and more users. The virtual wallets that pay the most today The current ranking of interest-bearing accounts with a guaranteed rate shows the following order in the Argentine market: Carrefour Banco: 30% annual rate Fiwind: 28% annual rate Belo: 25.5% annual rate Naranja X: 25% annual rate Ualá: 23% annual rate. Virtual wallets, a way to operate online. The approximate ranking of returns within this segment shows the following: Adcap: 24.11% annual rate Prex: 23.39% annual rate Supervielle: 22.98% annual rate Toronto Ahorro: 22.87% annual rate IEB+: 22.64% annual rate Personal Pay: 22.45% annual rate Claro Pay: 22.42% annual rate Balanz: 22.28% annual rate Mercado Pago: 21.16% annual rate Galicia: 20.6% annual rate. The main advantage of these funds is the immediate or almost immediate availability of the money, which is key for those who use wallets as a daily account to manage expenses, transfers, or payments. In parallel, bank fixed-term deposits continue to be another alternative within the map of instruments to manage pesos.
