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Fixed Term: with the Increase in Fees, Which Bank Pays the Most Interest on Monday, October 13
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The interest rates for fixed terms in Argentina registered a remarkable increase, reaching in some cases up to 53% nominal annual. This movement reflects a market response to persistent inflation and the search for alternatives of reserve for the savings in pesos. The complete list of how much each bank pays. The variation is not homogeneous: each bank offers different rates according to deadlines, minimum amounts and conditions. Some smaller ba…
Competition adds options with yields exceeding the supply of some traditional first-tier banks.
The Central Bank of the Argentine Republic (BCRA) reduced the Annual Nominal Rate (APR) by 5% due to the projections of a decrease in inflation, resulting in a decrease of more than 100 percentage points in the profits that banks grant through fixed terms. This measure, coupled with the abolition of the restrictions on minimum interest rates, led to a greater competitiveness among banking entities with respect to the remuneration they offer. For…
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