Argentina's Central Bank releases bank-by-bank interest rates for fixed-term deposits

Savers in Argentina seeking to protect their purchasing power can now compare interest rates for fixed-term deposits offered by various banks. On Thursday, July 16, the Central Bank of the Argentine Republic (BCRA) released a comparative table detailing the percentages offered by different institutions for 30-day peso deposits.

The BCRA's official website provides access to this information, featuring a list of banks that includes those with the largest deposit volumes and those offering rates to non-clients. This allows individuals to identify the most advantageous rate, whether they are existing clients of a bank or looking to open a new deposit. The central bank emphasizes that opening a fixed-term deposit is a cost-free process with no extensive paperwork required.

It is important to note that the BCRA deregulated minimum interest rates for peso deposits in 2024. Consequently, the interest rates now offered are solely at the discretion of each individual banking entity. The provided list details these varying rates for the specified date, enabling depositors to make informed decisions in a market where bank-specific offers are the norm.