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Argentina's Central Bank releases fixed-deposit interest rates
🇦🇷 Argentina /Economy & Trade

Argentina's Central Bank releases fixed-deposit interest rates

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Argentina's Central Bank (BCRA) published interest rates for 30-day fixed-term deposits across various banks on August 3.
  • These rates help savers maintain their purchasing power, with options available for both bank clients and non-clients.
  • The BCRA deregulated minimum interest rates in 2024, leaving rates to the discretion of individual banks.

Savers in Argentina can now compare interest rates for 30-day fixed-term deposits, a key tool for preserving the purchasing power of their money. On Monday, August 3, the Central Bank of the Argentine Republic (BCRA) released a comparative table detailing the percentages offered by various banks.

The BCRA's official website provides access to these rates, featuring a list of the ten banks with the largest deposit volumes. The information also includes banks that offer rates to non-clients, allowing them to use home banking services or apply via the bank's website.

According to the BCRA, establishing these fixed-term deposits is a cost-free process for users, requiring no paperwork or extensive procedures. The central bank clarified that since 2024, it deregulated the minimum interest rates for fixed-term deposits in pesos, meaning each bank now sets its own profit percentages.

The table lists both state-owned and private banks, showing the current interest rates for 30-day peso deposits. This allows individuals to choose the most convenient option based on their financial needs and banking relationships.

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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