This is how the rates for virtual wallets and fixed-term deposits stood as of Wednesday, March 26.

This Wednesday, March 26, banks and virtual wallets made adjustments to their interest rates for different investment alternatives.

If you are looking to invest your money and generate returns, it is key to know the options offered by virtual wallets and the main banks in the country.

Virtual wallet interest rates

Virtual wallets are an excellent option to generate returns without the need for a complex investment. Here are the current interest rates for remunerated accounts, FCI, and other financial instruments.

• Ualá (Remunerated Account *): 32%
• Cocos (FCI RM): 29.93%
• Naranja X (Remunerated Account **): 29%
• Personal Pay (FCI MM): 27.01%
• Prex Argentina (FCI MM): 26.64%
• Mercado Pago (FCI MM): 26.28%
• Claro Pay (FCI MM): 25.19%
• IEB+ (FCI MM): 24.46%
• Astropay (FCI MM): 24.46%
• N1U (FCI MM): 24.09%
• LetsBit Finanzas (FCI MM): 24.09%
• Lemon Cash (FCI MM): 23.73%

* The remuneration cap is $1,000,000 deposited and a monthly profit cap: $26,300.

** The remuneration cap is $600,000 deposited.

How do remunerated accounts work?

Remunerated accounts allow you to generate daily interest on the deposited money. Unlike a traditional savings account, these accounts generate a daily profit that is credited at the end of each month. This option is ideal if you want to keep your money available while also taking advantage of a return without needing to invest it.

Fixed-term deposit interest rates in banks

These are the most important banks in Argentina and their rates for 30-day fixed-term deposits:

• Banco Macro: 29.5%
• Banco Galicia: 29%
• Banco Galicia Más: 28.25%
• Banco Credicoop: 28%
• Banco Nación: 27%
• Banco de la Provincia de Buenos Aires: 26.5%
• Banco BBVA: 26.25%
• Banco Santander: 25%
• Banco ICBC: 25%
• Banco Ciudad de Buenos Aires: 25%

Additionally, several banks offer competitive rates, with the following standing out:

• Banco Bica: 30%
• Banco CMF: 30%
• Banco de la Provincia de Córdoba: 30%
• Banco Voii: 30%
• Banco Meridian: 29.5%
• Crédito Regional Compañía Financiera: 29%
• REBA Compañía Financiera: 29%

When is it convenient to make a fixed-term deposit?

The fixed-term deposit is an excellent option for those seeking a low-risk investment. It is ideal if you want to protect your money from short-term inflation. Additionally, if you do not need to access your funds immediately, a fixed-term deposit will give you a more predictable return.

How long should I wait to withdraw my money?

The minimum time to withdraw money from a traditional fixed-term deposit in Argentina is 30 days. If you decide to make a fixed-term deposit for a longer term, you will only be able to access the funds once the maturity is reached.