This percentage is in line with the expected inflation for the next 30 days, which means that savers could lose purchasing power. Banks that pay more and those that pay less. Among banks with the largest deposit volume: Those that pay the most: Banco Nación: 33% APR (2.4% monthly). Banco Macro: 33% APR (2.4% monthly). ICBC: 32.25% APR. Banco Hipotecario: 31.5% APR. Those that pay the least (27% APR): Banco Santander. Banco Galicia. Banco Provincia de Buenos Aires. Banco BBVA. Other banks with more attractive rates (above 30%): Reba Compañía Financiera S.A.: 37% APR. Banco Meridian S.A.: 36% APR. Banco CMF S.A.: 35% APR. Banco del Sol S.A.: 35% APR. Bibank S.A.: 35% APR. Banco Provincia de Córdoba S.A.: 34.5% APR. Banco Bica S.A.: 34% APR. Banco Provincia de Tierra del Fuego: 34% APR. Banco de Corrientes S.A.: 33% APR. Banco del Chubut S.A.: 33% APR. Banco Comafi S.A.: 32% APR. Banco Dino S.A.: 32% APR. Banco Julio S.A.: 32% APR. A survey by Noticias Argentinas shows that in many cases, the returns are negative in real terms against inflation. Currently, opening a fixed-term deposit in some banks provides an Annual Nominal Rate (TNA) of 27%, which represents a 2% monthly return. The recent interest rate cut by the Central Bank of the Argentine Republic (BCRA) caused most banks to reduce the return they offer on fixed-term deposits.
Argentinian Banks: Deposit Rates and Inflation
Analysis of fixed-term deposit interest rates in leading Argentinian banks. Comparison of the highest and lowest offers, as well as their real returns considering inflation.