DistantNews
Support us
🇦🇷 Argentina /Economy & Trade

Fixed-term deposits: Bank-by-bank interest rates for Tuesday, September 8

From La Nación · () Spanish

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

At a glance

Explainer Official statement Context piece
  • Argentina’s central bank published the interest rates offered by banks for 30-day peso fixed-term deposits on Tuesday, September 8.
  • The comparison includes the 10 banks with the largest deposit volumes and banks that report rates for noncustomers.
  • Since the central bank removed minimum-rate requirements in 2024, each bank sets its own fixed-term deposit rate.

Argentina’s central bank has published a bank-by-bank comparison of interest rates for savers placing pesos in 30-day fixed-term deposits. The table, issued on Tuesday, September 8, is designed to help customers compare the returns available from different institutions.

The rates can be checked on the official website of the Central Bank of the Argentine Republic, or BCRA, which is chaired by Santiago Bausili and sets the country’s monetary policy. Customers who choose the bank offering the most attractive rate can open the deposit through home banking. Noncustomers can use the selected bank’s website to apply.

This table includes the ten banks with the largest volume of deposits and also those banks that reported the rate offered to noncustomers.

· Central Bank of the Argentine RepublicThe BCRA explained which institutions appear in its comparison table.

The BCRA says the table includes the 10 banks with the largest volume of deposits, as well as banks that have reported the rates they offer to people who are not already customers. It also says opening this type of investment is free for users and requires no paperwork or other procedures.

The central bank removed minimum interest-rate requirements for peso fixed-term deposits in 2024. As a result, the return available to customers now depends entirely on each bank’s offer. The published list covers state-owned and private banks and their rates for 30-day peso deposits.

Without cost for users, without paperwork or other procedures.

· Central Bank of the Argentine RepublicThe central bank described how customers can open this type of investment.
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