DistantNews
Support us
🇦🇷 Argentina /Economy & Trade

Fixed-term deposits: Bank-by-bank interest rates for Friday, Sept. 4

From La Nación · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Context piece
  • Argentina’s central bank published a comparison of the interest rates banks offer on 30-day peso fixed-term deposits.
  • Since 2024, banks have set these rates independently after the central bank removed the minimum rate requirement.
  • Customers can open a deposit through online banking or, if they are not clients, through the selected bank’s website.

Argentine savers can compare the interest rates offered by banks before placing pesos in a 30-day fixed-term deposit. The Central Bank of the Republic of Argentina published the latest figures for Friday, Sept. 4, in an online table.

The comparison covers the country’s major banks and also includes institutions that reported rates available to non-customers. A customer who finds a suitable offer can use home banking to open the deposit. Non-customers can follow a link to the chosen bank’s website and apply there.

This table consists of the ten banks with the largest volume of deposits and also includes banks that reported the rate offered to non-customers.

· Central Bank of ArgentinaThe BCRA explains which institutions appear in its comparison table.

The BCRA says opening this type of investment is free for individuals and requires no paperwork or additional procedures. The table is intended to help savers determine which bank offers the most favorable return for their circumstances.

The central bank removed minimum interest rates for peso fixed-term deposits in 2024. Banks therefore decide independently what rates to offer, leaving the market with different returns across institutions.

At no cost for users, without paperwork or other procedures.

· Central Bank of ArgentinaThe BCRA describes how individuals can open a fixed-term deposit.
About this summary

Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog