Mercado Pago, Ualá and more: how much virtual wallets yield today

Mercado Pago, Personal Pay, Ualá and other virtual wallets have once again adjusted their interest rates.

Several banks, both large and regional, have done so as well. Here we tell you which ones are offering the highest returns today.

How much are virtual wallets yielding today?

This Thursday, July 24, the daily returns of interest-bearing accounts, fixed-term deposits, and Mutual Investment Funds (FCI) were updated.

These are the percentages currently being paid by the main wallets:

• Mercado Pago (FCI MM): 36.24 %
• Personal Pay (FCI MM): 35.26 %
• Claro Pay (FCI MM): 33.58 %
• N1U (FCI MM): 33.22 %
• Prex Argentina (FCI MM): 33.07 %
• Lemon Cash (FCI MM): 32.78 %
• Cocos (FCI RM): 31.06 %
• IEB+ (FCI MM): 30.99 %
• Astropay (FCI MM): 29.31 %
• LetsBit Finanzas (FCI MM): 28.80 %
• Naranja X (Interest-bearing account): 27.00 %*
• Ualá (Interest-bearing account): 27.00 %*

*Interest cap in Naranja X: $600,000. In Ualá: $1,000,000 and up to $26,300 per month.

What do FCI MM and FCI RM mean?

FCI MM stands for Money Market Mutual Investment Fund. FCI RM stands for Mixed Income Mutual Investment Fund.

What advantage do FCIs have over fixed-term deposits?

Fixed-income FCIs offer returns similar to fixed-term deposits, but with a key difference: immediate liquidity.

Funds can be withdrawn on the same day or within a maximum of 48 business hours, depending on the fund. That allows for more flexibility without sacrificing profitability.

Fixed-term deposit rates at the largest banks

These are the main banks with the highest volume of peso deposits and the Nominal Annual Rate (TNA) for 30-day fixed-term deposits:

• Banco Macro: 34.00 %
• Banco Galicia: 31.00 %
• Banco ICBC: 31.00 %
• Banco Nación: 30.00 %
• Banco Credicoop: 30.00 %
• Banco BBVA: 29.50 %
• Banco Provincia: 29.00 %
• Banco Santander: 27.50 %
• Banco Ciudad: 26.00 %

Other banks with notable rates

There are also smaller or regional institutions offering competitive rates. Some even surpass the large banks:

• Banco Provincia de Tierra del Fuego: 36.00 %
• Banco Bica / Voii: 35.00 %
• Banco Meridian: 34.50 %
• Banco Mariva: 34.00 %
• Banco Córdoba: 33.50 %
• REBA: 33.00 %
• Crédito Regional: 32.00 %
• Banco CMF / Corrientes: 31.00 %
• Banco COMAFI: 30.25 %
• Banco del Chubut / Hipotecario: 30.00 %
• Bibank: 29.50 %
• Banco Dino / Julio: 29.00 %
• Banco Masventas: 20.00 %

How do interest-bearing accounts work?

Interest-bearing accounts pay daily interest for having money deposited. There is no need to invest or lock the funds.

Unlike a regular savings account, these accounts generate returns every day and credit them at the end of the month.