Fixed term: Interest rates bank by bank this Wednesday, August 19

Savers in Argentina seeking to protect the purchasing power of their money can now compare a range of interest rates for 30-day fixed-term deposits in pesos. The Central Bank of the Argentine Republic (BCRA) has published a comparative table detailing the percentages offered by various banks, allowing individuals to identify the most advantageous option.

The BCRA's official website features this updated information, including rates from the ten banks with the largest deposit volumes, as well as those offering rates to non-clients. This transparency aims to assist customers in making informed decisions about their savings.

In 2024, the BCRA removed minimum interest rate regulations for peso deposits, leaving the determination of profit percentages entirely to individual banking institutions. This deregulation means that the rates displayed reflect each bank's independent offering to the market.

The process for establishing a fixed-term deposit is described by the BCRA as "without cost for users, without paperwork or other procedures." Customers can typically use their bank's home banking service, while non-clients can access bank websites via provided links to apply for a deposit.