Following the interest rate cut by the Central Bank and the National Treasury's bond placements, the main banks in the system have lowered the yields on fixed-term deposits. A survey by Noticias Argentinas shows that in many cases, yields have turned negative when adjusted for inflation.
Banks paying the most and the least Among the banks with the largest deposit volumes:
Top payers: ICBC: 30.1% annual rate Banco Macro: 30% annual rate Banco Nación: 29% annual rate Banco Creedicop: 28% annual rate Banco Ciudad: 28% annual rate
Lowest payers (27% annual rate): Banco BBVA: 27% annual rate Banco Santander: 27% annual rate Banco Galicia: 25% annual rate Banco de la Provincia de Buenos Aires: 24% annual rate
Other banks with more attractive rates (above 30%): Banco Meridian S.A.: 35% annual rate Banco Provincia de Córdoba S.A.: 34.5% annual rate Reba Compañía Financiera S.A.: 34% annual rate Banco Bica S.A.: 34% annual rate Banco CMF S.A.: 35% annual rate Bibank S.A.: 33% annual rate Banco de Corrientes S.A.: 33% annual rate Banco Provincia de Tierra del Fuego: 32.5% annual rate Banco del Sol S.A.: 32% annual rate Banco Dino S.A.: 32% annual rate Banco del Chubut S.A.: 31% annual rate Banco Comafi S.A.: 30% annual rate Banco Julio S.A.: 30% annual rate
