A fixed term deposit of $2,000,000 for 30 days allows you to know from the start how much money will be collected at maturity. With the current rates, the profitability varies depending on the chosen financial institution.
According to a survey published by TN, several banks have updated their interest rates in recent weeks, and some institutions already offer a Nominal Annual Rate (TNA) of up to 23%.
How much does a fixed term deposit of $2,000,000 for 30 days yield?
Taking as a reference a TNA of 18.75%, investing $2,000,000 for 30 days generates an approximate profit of $30,821.92 in interest.
At the end of the term, the saver will receive around $2,030,821.92, which is the result of adding the initial capital plus the earnings obtained.
What rates do banks offer for a fixed term deposit for 30 days
Banco Nación: 19%
Banco Galicia: 17.5%
Banco BBVA: 18.75%
Banco Santander: 14.5%
Banco Provincia de Buenos Aires: 19.5% - 21%
Banco Macro: 19.5%
ICBC Argentina: 17.2%
Banco Ciudad: 17%
Banco Patagonia: 16%
Banco Credicoop: 17.5%
Banco BICA: 22%
Banco CMF: 22%
Banco Comafi: 17%
Banco de Comercio: 19%
Banco de Formosa: 18.5%
Banco de Córdoba: 20.75%
