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Fixed Term: Bank Interest Rates This Monday, June 8
🇦🇷 Argentina /Economy & Trade

Fixed Term: Bank Interest Rates This Monday, June 8

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Argentina's Central Bank published interest rates for 30-day fixed-term deposits offered by various banks.
  • The rates vary by institution, and customers can compare them to find the most convenient option.
  • The Central Bank deregulated minimum interest rates in 2024, leaving the offering to each bank's discretion.

Savers looking to protect their purchasing power can consult the interest rates for fixed-term deposits in pesos, as published by the Central Bank of the Argentine Republic (BCRA). This Monday, June 8, the BCRA released the percentages offered by different banks for 30-day deposits, providing a comparative table for customers.

The official website of the BCRA, led by Santiago Bausili, displays the daily interest rates for each bank. The table includes the 10 banks with the largest deposit volumes and those that report rates for non-clients. Customers can use home banking for their bank's best offer or access a link on the bank's website if they are not clients. The BCRA clarifies that opening a fixed-term deposit is a cost-free process with no paperwork required.

It is important to recall that in 2024, the BCRA deregulated the minimum interest rates for peso deposits. Consequently, the profit percentage for clients is now determined at the discretion of each individual banking institution. The provided list details the rates offered by state and private banks for 30-day fixed-term deposits in pesos as of June 8.

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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