Fixed-term deposits are rising: How much can you earn with $250,000 for 30 days at Banco Nación and other banks?

Interest rates on fixed -term deposits in pesos changed this week across much of the banking system. The Central Bank of the Argentine Republic (BCRA) reported that several institutions reduced their annual nominal interest rates (APRs) for 30-day deposits, amid lower exchange rate pressures.

In this scenario, Banco Nación updated its yield on 30-day fixed-term deposits , generating variations in the profits a saver with $250,000 would earn, depending on the channel used for the transaction.

According to the Banco Nación simulator, the annual percentage rate (APR) in branches is 27.50% and the annual percentage rate (APR) is 31.25%. With a 30-day fixed-term deposit in pesos and an initial capital of $250,000, the interest earned would be $5,650.68, for a total of $255,650.68 at maturity.

In the electronic version, the APR is 37% and the APR is 43.98%. In this case, the same initial amount accrues interest of $7,602.74, reaching a total of $257,602.74 at the end of the period.

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• Banco Santander Argentina SA: 33% TNA → $6,794.52 interest → $256,794.52 total

• Banco de Galicia y Buenos Aires SA: 37% APR → $7,602.74 interest → $257,602.74 total

• Bank of the Province of Buenos Aires: 35% APR → $7,169.86 interest → $257,169.86 total

• Banco BBVA Argentina SA: 35% APR → $7,169.86 interest → $257,169.86 total

• Banco Macro SA: 33.5% TNA → $6,897.26 interest → $256,897.26 total

• Banco Credicoop Cooperativo Limitado: 35% APR → $7,169.86 interest → $257,169.86 total

• Industrial and Commercial Bank of China (Argentina) SAU: 35.55% TNA → $7,282.19 interest → $257,282.19 total

• Bank of the City of Buenos Aires: 31% APR → $6,380.82 interest → $256,380.82 total

• Banco Bica SA: 37% TNA → $7,602.74 interest → $257,602.74 total

• Banco CMF SA: 38% TNA → $7,813.70 interest → $257,813.70 total

• Banco Comafi SA: 35% TNA → $7,169.86 interest → $257,169.86 total

• Banco de Corrientes SA: 37% APR → $7,602.74 interest → $257,602.74 total

• Banco de Formosa SA: 30% TNA → $6,164.38 interest → $256,164.38 total

• Banco de la Provincia de Córdoba SA: 38% APR → $7,813.70 interest → $257,813.70 total

• Banco del Chubut SA: 34.5% APR → $7,055.48 interest → $257,055.48 total

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Freepik

• Banco del Sol SA: 37.5% TNA → $7,704.11 interest → $257,704.11 total

• Banco Dino SA: 29% APR → $5,953.42 interest → $255,953.42 total

• Banco Hipotecario SA: 36% APR → $7,397.26 interest → $257,397.26 total

• Banco Julio SA: 38% TNA → $7,813.70 interest → $257,813.70 total

• Banco Mariva SA: 38% TNA → $7,813.70 interest → $257,813.70 total

• Banco Masventas SA: 22% APR → $4,520.55 interest → $254,520.55 total

• Banco Meridian SA: 38% APR → $7,813.70 interest → $257,813.70 total

• Banco Provincia de Tierra del Fuego: 37.5% APR → $7,704.11 interest → $257,704.11 total

• Banco VOII SA: 38% TNA → $7,813.70 interest → $257,813.70 total

• Bibank SA: 36% TNA → $7,397.26 interest → $257,397.26 total

• Regional Credit Financial Company SAU: 38% APR → $7,813.70 interest → $257,813.70 total

• Reba Financial Company SA: 39% APR → $8,027.40 interest → $258,027.40 total