Fixed-term deposits are rising: how much does the $1,400,000 yield at 30 days at Banco Nación and other banks?

In recent days, fixed-term deposits in pesos have once again gained popularity among savers. While most banks have lowered their rates, Banco Nación has increased its electronic deposits, improving returns for those seeking short-term investments.

The measure comes amid lower exchange rate pressure and expectations for decisions by the Central Bank of Argentina (BCRA) , prompting many to calculate how much they can earn today by investing $1,400,000 for 30 days.

According to the official simulator, the traditional 30-day fixed-term deposit at Banco Nación currently offers an APR of 27.50% in branch, with interest of $31,643.84 and a final balance of $1,431,643.84. Online, the APR rises to 37%, with interest of $42,575.34 and a total of $1,442,575.34.

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This represents a change from the previous rates, which were 27.50% in branches and 34.50% online. With the update, the online channel now yielded 2.5 percentage points more in annual interest rates, and the annual interest rate (EAR) increased from 40.52% to 43.98%.

• Banco Santander Argentina SA – 33% → $37,945.21

• Banco de Galicia y Buenos Aires SA – 36.25% → $41,676.71

• Bank of the Province of Buenos Aires – 35% → $40,136.99

• BBVA Argentina SA – 35% → $40,136.99

• Banco Macro SA – 33.5% → $38,519.18

• Banco GGAL SA – No rate reported

• Credicoop Cooperative Limited Bank – 35% → $40,136.99

• Industrial and Commercial Bank of China (Argentina) SAU – 34.6% → $39,681.92

• Bank of the City of Buenos Aires – 29% → $33,268.49

• Banco Bica SA – 37% → $42,575.34

• Banco CMF SA – 38% → $43,725.75

• Banco Comafi Sociedad Anónima – 35% → $40,136.99

• Banco de Corrientes SA – 37% → $42,575.34

• Banco de Formosa SA – 30% → $34,383.56

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• Bank of the Province of Córdoba SA – 38% → $43,725.75

• Banco del Chubut SA – 34.5% → $39,569.18

• Banco del Sol SA – 37.5% → $43,150.68

• Banco Dino SA – 29% → $33,268.49

• Banco Hipotecario SA – 36% → $41,561.64

• Banco Julio Sociedad Anónima – 29% → $33,268.49

• Banco Mariva SA – 38% → $43,725.75

• Banco Masventas SA – 22% → $25,211.78

• Banco Meridian SA – 38% → $43,725.75

• Bank of the Province of Tierra del Fuego – 36% → $41,561.64

• Banco VOII SA – 38% → $43,725.75

• Bibank SA – 36% → $41,561.64

• Regional Credit Financial Company SAU – 38% → $43,725.75

• Reba Financial Company SA – 39% → $44,876.16