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Argentina fixed-term deposit rates: Bank-by-bank comparison for July 17
🇦🇷 Argentina /Economy & Trade

Argentina fixed-term deposit rates: Bank-by-bank comparison for July 17

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Savers can check interest rates for fixed-term deposits in Argentina for Friday, July 17.
  • The Central Bank of Argentina (BCRA) publishes a comparative table of rates offered by ten major banks.
  • The BCRA deregulated minimum interest rates in 2024, leaving rates to each bank's discretion.

Argentine savers seeking to protect their purchasing power can consult the latest interest rates for fixed-term deposits. On Friday, July 17, the Central Bank of the Argentine Republic (BCRA) released the percentages offered by various banks for 30-day peso deposits. A comparative table is available on the BCRA's official website, allowing clients to identify the most advantageous rates.

The BCRA's table includes data from the ten banks with the largest deposit volumes, as well as those that report rates for non-clients. This information enables individuals to use their bank's online services or visit a bank's website to establish a fixed-term deposit. The BCRA emphasizes that setting up these investment tools is free of charge and requires no complex paperwork.

This table is made up of the ten banks with the largest volume of deposits and also includes those banks that have reported the offered rate to non-clients

— BCRAExplaining the composition of the fixed-term deposit rate comparison table.

Since 2024, the BCRA has deregulated minimum interest rates for fixed-term peso deposits. Consequently, the interest rates now offered are determined solely by each individual banking institution. This means savers must actively compare offers to find the best return on their investments.

without cost for users, without paperwork or other procedures

— BCRADescribing the process of setting up a fixed-term deposit.
DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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