Fixed term: how much each bank pays and which ones offer the highest rates

The fixed term deposit maintains different interest rates depending on the chosen bank. The BCRA publishes a table to compare the options.

The entities offer different yields for deposits in pesos for 30 days. Some alternatives exceed the 22% reported rate.

What interest rate does each bank offer for a fixed term deposit

The Central Bank of the Argentine Republic (BCRA) allows you to check the rates offered by banks for establishing a fixed term deposit in pesos for 30 days.

The entity explains that the table includes the ten banks with the highest volume of deposits and also those that reported rates for non-customers.

• Banco Nación: 19%

• Banco Galicia: 17.5%

• Banco BBVA: 18.25%

• Banco Santander: 16%

• Banco Provincia: 19.5%

• Banco Macro: 18.5%

• Banco ICBC: 17.7%

• Banco Ciudad: 17%

• Banco Patagonia: 16%

• Banco Credicoop: 17.5%

What are the highest rates for an online fixed term deposit

In addition to the main entities, the BCRA reports the rates of other banks that offer online fixed term deposits for non-customers.

• Banco BICA S.A.: 22%

• Banco CMF S.A.: 22%

• Banco Comafi Sociedad Anónima: 18%

• Banco de Comercio: 19%

Why do banks offer different fixed term rates

The BCRA established in 2024 the deregulation of minimum interest rates for fixed deposits in pesos.

Since then, the yield percentage is at the discretion of each banking entity. Therefore, the rates reported for a fixed term deposit may vary between banks.

How to establish a fixed term deposit according to the BCRA

Customers can establish the fixed term deposit through the home banking of the entity they choose, according to the conditions offered.

Those who are not customers can visit the selected bank's website to request the establishment of the deposit. The BCRA indicates that this tool is free for users and does not require paperwork or other procedures.