The Argentine financial market started moving again in favor of savers. In recent days, fixed-term deposit rates have started to rise and several institutions are already offering yields that exceed 30% per year.
The adjustment responds to the signals that the Treasury sent in its recent auctions and to banks' need to retain pesos in the face of other investment alternatives. With no minimum rate set by the Central Bank, competition has intensified.
Fixed-term deposit: the ranking of banks that already exceed 30%
With the update of the rate boards, a group of institutions has taken the lead. Banco Voii tops the ranking with a Nominal Annual Rate of 31.5%, positioning itself as the most profitable option in the market.
Crédito Regional Compañía Financiera appears very close behind, offering 31%. The group of banks that pay exactly 30% is completed by Banco Meridian, Banco CMF, Banco Bica, and Banco Mariva.
Competitive options below 30%
One step below are Banco de la Provincia de Córdoba and fintech Reba, both with a 29% rate.
