The fixed-term rates have changed again after the August inflation data reported by INDEC.
The Banco Nación set its rate at 18.75% TNA, while other entities maintain yields above 20%.
The rates for fixed-term deposits have changed again
Which bank pays more for a fixed term?
The difference between fixed-term rates is significant for those looking to invest pesos for 30 days.
Reba: 24% TNA.
CMF: 23.5% TNA.
Crédito Regional: 23.5% TNA.
Mariva: around 23% TNA.
Banco del Sol: around 23% TNA.
BICA: around 23% TNA.
Banco Provincia: 21% for clients and 22% for non-clients.
Macro: 19.5% TNA.
BBVA: 19.5% TNA.
Banco Nación: 18.75% TNA.
Galicia: 17.75% TNA.
Santander: 16.5% TNA.
The rates correspond to traditional fixed terms for 30 days. They may vary depending on the amount, the channel used, and whether the saver is a client.
How much does a fixed term of $1,000,000 pay?
With a rate of 18.75% TNA, a fixed term of 30 days generates approximately a 1.54% nominal.
How much does a fixed term of $1,000,000 pay?
With a rate of 24% TNA, the approximate yield for 30 days reaches 1.97%.
On an investment of $1,000,000, the difference between both rates represents about $4,300 in interest during that period.
The difference between both rates represents about $4,300 in interest
How did the rates change after the inflation data?
The INDEC reported a monthly inflation of 1.7% in August, below the 2.1% recorded in July.
In the first eight months of the year, the CPI accumulated 21.3%. The August figure coincided with the projection of the latest REM from BCRA.
For September, analysts estimated a monthly inflation of 1.9%. For the following months, they projected variations close to 2%.
How did the rates change after the inflation data?
What yield does each fixed-term rate offer for 30 days?
A rate of 21% TNA is approximately equivalent to a yield of 1.73% in 30 days.
Meanwhile, a rate of 24% TNA represents about 1.97% for 30 days, while the 18.75% TNA is approximately 1.54%.
What yield does each 30-day fixed-term rate offer?
Therefore, when comparing a fixed term, it is necessary to consider the offered rate, the term, liquidity, and inflation expectations.
