The plazo fijo is once again gaining prominence among Argentine savers after the latest rate update. With a more attractive scheme than in previous weeks, it remains one of the preferred options for those who seek predictability and low risk.
According to a survey by TN, the average Nominal Annual Rate (TNA) of the financial system is currently around 27%, a significant jump compared to the 23.5% that was offered at the beginning of the month.
How much you earn by investing $4,000,000 in a 30-day plazo fijo
With a 27% TNA, an investment of $4,000,000 for 30 days generates $88,767.12 in interest. At the end of the term, the saver receives a total of $4,088,767.12.
The main appeal of the plazo fijo is that the return is known from the outset, without shocks or changes during the chosen period.
What rate each bank pays for a 30-day plazo fijo
Rates vary significantly depending on the financial institution. According to the survey by TN, these are some of the current values:
