Economy Country 2025-11-12T13:33:06+00:00

Argentine Banks Lower Deposit Rates

Due to the increase in the money supply, Argentine banks continue to lower interest rates on fixed-term deposits. A survey shows that yields on many deposits have become negative against inflation.


Argentine Banks Lower Deposit Rates

Due to the increase in the money supply, banks continue to lower interest rates on fixed-term deposits. A survey by Noticias Argentinas shows that in many cases, the yields turn out to be negative against inflation. Banks that pay more and those that pay less. Among banks with the largest volume of deposits: Those that pay the most: Banco Macro: 30% TNA, ICBC: 29% TNA, Banco Nación: 29% TNA, Banco Creedicop: 28% TNA, Banco Ciudad: 28% TNA. Those that pay the least (27% TNA): Banco BBVA: 27% TNA, Banco Santander: 27% TNA, Banco Galicia: 24% TNA, Banco de la Provincia de Buenos Aires: 24% TNA. Other banks with more attractive rates (above 30%): Banco Meridian S.A.: 35% TNA, Crédito Regional: 35% TNA, Banco Provincia de Córdoba S.A.: 34.5% TNA, Reba Compañía Financiera S.A.: 34% TNA, Banco Bica S.A.: 34% TNA, Banco CMF S.A.: 34% TNA, Bibank S.A.: 33% TNA, Banco Mariva: 33% TNA, Banco de Corrientes S.A.: 31% TNA, Banco Provincia de Tierra del Fuego: 32% TNA, Banco del Sol S.A.: 32% TNA, Banco Dino S.A.: 32% TNA, Banco del Chubut S.A.: 31% TNA, Banco Hipotecario: 29.5% TNA, Banco Comafi S.A.: 29% TNA, Banco Julio S.A.: 30% TNA, Banco de Comercio: 30% TNA, Banco de Formosa: 27% TNA.