Fixed-term deposits are flying: How much can you earn with a $500,000 30-day term at Banco Nación?

Fixed-term deposits in pesos regained prominence after banks raised interest rates in response to measures taken by the Central Bank of Argentina (BCRA).

Savers are looking to find out how much they can earn by immobilizing their capital for 30 days and what the best alternatives are. Among the most popular options is Banco Nación , which offers various fixed-term deposit options, both in branches and online, with yields that vary depending on the channel used.

According to the Banco Nación Peso Fixed-Term Deposit Simulator , profitability depends on the type of deposit. A fixed-term deposit made at a branch with a capital of $500,000 for 30 days generates interest of $12,123.29 , reaching a total amount of $512,123.29 , with an Annual Nominal Rate (ANR) of 29.50% and an Annual Effective Rate (AER) of 33.84% .

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If done electronically, the same investment yields $18,082.19 in interest, bringing the final amount to $518,082.19 , with an APR of 44.00% and an APR of 54.07% . The difference between operating in a branch or online is significant, as an online term deposit allows you to earn almost $6,000 more over the same period.

For those looking to maximize profitability, several banks in the Argentine financial system offer higher rates than those of Banco Nación . Comparing these alternatives allows savers to evaluate where to invest their pesos and obtain the greatest return on a fixed 30-day term .

• Banco Santander Argentina SA – 38% → $15,753.42

• Bank of Galicia and Buenos Aires SA – 45% → $18,643.84

• Bank of the Province of Buenos Aires – 43% → $17,804.11

• Banco BBVA Argentina SA – 43% → $17,804.11

• Banco Macro SA – 45% → $18,643.84

• Banco GGAL SA – no data → –

• Banco Credicoop Cooperativo Limitado – 44% → $18,199.18

• Industrial and Commercial Bank of China (Argentina) SAU – 47.7% → $19,732.88

• Bank of the City of Buenos Aires – 35% → $14,460.27

• Banco BICA SA – 48% → $19,753.42

• Banco CMF SA – 50% → $20,547.95

• Banco Comafi Sociedad Anónima – 46.5% → $19,200.68

• Banco de Corrientes SA – 46% → $18,987.67

• Banco de Formosa SA – 32% → $13,209.59

• Bank of the Province of Córdoba SA – 48.5% → $19,982.19

• Banco del Chubut SA – 41% → $16,931.51

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• Banco del Sol SA – 47% → $19,432.88

• Banco Dino SA – 42% → $17,296.58

• Banco Hipotecario SA – 45.5% to 48.5% → $18,861.64 to $20,091.78

• Banco Julio Sociedad Anónima – 38% → $15,753.42

• Banco Mariva SA – 48% → $19,753.42

• Banco Masventas SA – 25% → $10,273.97

• Banco Meridian SA – 49% → $20,174.66

• Bank of the Province of Tierra del Fuego – 49% → $20,174.66

• Banco VoII SA – 49% → $20,174.66

• BIBANK SA – 42% → $17,296.58

• Regional Credit Financial Company SAU – 48% → $19,753.42

• REBA Financial Company SA – 50% → $20,547.95