Fixed Term: Bank Interest Rates Compared This Thursday, June 4

Savers in Argentina can now compare interest rates for fixed-term deposits in pesos, a crucial tool for maintaining the purchasing power of their money. As of Thursday, June 4, the Central Bank of the Argentine Republic (BCRA) has published the interest rates offered by each bank for 30-day fixed-term deposits.

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This table is made up of the 10 banks with the largest deposit volume and also includes banks that have reported the offered rate to non-clients.

The BCRA's official website features a comparative table detailing the rates from the 10 banks with the largest deposit volumes. This includes banks that also offer rates to non-clients. The central bank clarifies that establishing these investment tools is a cost-free process for users, requiring no paperwork or additional procedures.

In 2024, the BCRA deregulated the minimum interest rates for peso fixed-term deposits. Consequently, the profit percentage for clients is now determined solely by each individual banking institution. This move allows banks to set their own rates based on market conditions and their specific offerings.

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cost-free for users, without paperwork or other procedures.

The published list provides savers with the necessary information to identify the most convenient rate, whether they are existing clients of a bank or seeking options as a non-client. The BCRA's initiative aims to provide transparency and empower savers in their financial decisions.

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the deregulation of minimum interest rates for fixed-term deposits in pesos, so the profit percentage that the client obtains is at the discretion of each banking entity.