The fixed-term deposit remains the same: how much do you earn with $460,000 for 30 days at Banco Nación?

Banco Nación recently changed the interest rate on its fixed-term deposits in pesos , a decision that directly impacts the profitability customers receive. In a context of inflation that has been showing signs of slowing, banks are seeking to adjust their rates and remain competitive.

While the National Institute of Statistics and Census (INDEC) recorded inflation at 1.5% in April , the trend in the annual interest rate offered by banks is becoming a key indicator for those seeking to maintain the value of their savings in pesos . The new interest rate level requires comparing banks to decide where it's best to park their money in the short term.

With the new rate, Banco Nación 's peso-denominated fixed-term deposit offers two different yields depending on the channel chosen. If deposited at a branch , the APR is 25.50% , representing a profit of $9,641.10 after 30 days. In this case, the total amount earned at maturity is $469,641.10 .

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However, if the transaction is done electronically , the yield improves significantly. The APR in this case is 30.50% , which generates interest of $11,531.51 , reaching a total of $471,531.51 at the end of the period. The APR (annual percentage rate) for this option is 35.15% , higher than the market average.

These figures show how the choice of channel can directly influence the profitability of a fixed-term deposit , even within the same bank . The electronic method is positioned as the most convenient for those who operate with Banco Nación .

Below is the estimated yield of a $460,000 30-day fixed-term deposit, calculated using the annual interest rates reported by each entity:

• Banco Nación ( 30.5% ): $11,531.51

• Banco Provincia ( 30.5% ): $11,531.51

• Banco Galicia ( 29.5% ): $11,151.37

• Banco Santander ( 28% ): $10,566.03

• BBVA Bank ( 29.5% ): $11,151.37

• Banco Macro ( 29.5% ): $11,151.37

• GGAL Bank ( 30.25% ): $11,438.01

• Banco Credicoop ( 29.5% ): $11,151.37

• ICBC Bank ( 29.25% ): $11,058.01

• Banco Ciudad ( 29% ): $10,964.65

• BICA Bank ( 33% ): $12,480.82

• CMF Bank ( 32% ): $12,155.89

• Banco Comafi ( 30.25% ): $11,438.01

• Bank of Corrientes ( 31% ): $11,803.42

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• Bank of Córdoba ( 35.5% ): $13,426.03

• Banco del Chubut ( 31% ): $11,803.42

• Banco del Sol ( 36% ): $13,616.44

• Dino Bank ( 32% ): $12,155.89

• Mortgage Bank ( 29% ): $10,964.65

• Banco Julio ( 33% ): $12,480.82

• Mariva Bank ( 34% ): $12,806.84

• Banco Masventas ( 26.5% ): $10,010.68

• Meridian Bank ( 34% ): $12,806.84

• Bank of the Province of Tierra del Fuego ( 30.5% ): $11,531.51

• VOII Bank ( 35% ): $13,236.30

• BIBANK ( 32% ): $12,155.89

• Regional Credit ( 34% ): $12,806.84

• REBA ( 33% ): $12,480.82

With differences of more than $3,000 between the highest and lowest interest rates, the yield on fixed-term deposits in pesos varies significantly depending on the bank chosen.