Which banks already pay more than 30% and how much is earned by freezing $1 million

The rearrangement occurs in a context in which The market seeks to reward placements in local currency and offer a more attractive return compared to other short-term alternatives: the higher the TNA, the higher the interest at maturity, although the final yield varies depending on the entity, the type of client and the constitution channel.

In parallel, Claudio Caprarulo, director of the economic consulting firm Analytica, pointed out that The movement was even more marked in the wholesale segment: the TAMAR—reference rate for wholesale fixed terms—was at 35.5%, while as of last Friday the fixed terms for individuals They paid around 26.3% of TNA. “If you compare with the last days of December, wholesaler rates grew morehe pointed out.

In this regard, he summarized: “The evolution of the interest rates paid by fixed terms is directly related to the result between the supply and demand of pesos, where the Treasury, the Central Bank and the banks have the most relevant role. There is currently a lack of liquidity in the market, so the rates rise. The Government’s decision is in line with validating this increase, for example, in the last Treasury debt tender; in this way it takes pressure off the dollar.”

But The adjustment was not limited to fixed terms: It moved to the rest of the peso market and reconfigured the map of short-term returns. The interbank call climbed above 45%, current account advances rose to levels close to 48% and the 30-day Lecap began to yield around 37% of TNA. In that framework, The strategy aims to sustain the demand for pesos and keep the dollar calmwhile the Central Bank advances with the reserve purchase plan for 2026: so far in January it would have already totaled close to US$ 700 million.

As usually happens, the greatest adjustment is seen in smaller banks, which, faced with a need for greater liquidity, compete for deposits with increases of between 3 and 5 percentage points. In some cases, they already offer TNA of up to 31%, above the big players, who tend to move with more gradual changes.

Forwards, The scenario is tied to price dynamics. With rates that were rearranged upwards to maintain the attractiveness of instruments in pesos and avoid greater dollarization, the next inflation data appears as the main thermometer to define whether the market validates this level of returns or begins to weaken. Along these lines, the economist pointed out that the key will be in the data: “If it returns to a downward path, it is more likely that rates will also do so”.

Banco Macro: 27,5% TNA, By freezing pesos for 30 days the yield would be approximately 2.26%. That is, invest $ 1.000.000 I would leave some $22,603 ​​interest.

Bank of the Argentine Nation: 26% TNA, at 30 days it yields 2.14%, that is, by freezing those same pesos the interest will be around $21,370.

Provincial Bank and Credicoop Bank: 25% TNA, a 1-month fixed term yields 2.05% and then, freezing $1,000,000 would leave about $20,548 in interest.

ICBC: TNA of 23,5% For 30 days the yield would be 2% (approximately 1.93%). So, by freezing $1,000,000, the monthly interest if those rates were kept would be $19,315.

Banco Galicia and BBVA: They present a rate of 23% (TNA), at 30 days it yields, therefore, 1.89%. By freezing, the same value as in the previous examples, the interest would be around $18,904.

Santander Bank: 21% Annual Nominal Rate, which in 1 month would leave an interest of 1.73%, that is, on $1,000,000 invested, they would leave about $17,260.

City Bank: 20.5% TNA, at 30 days it yields approximately 1.68%. Example: for $1,000,000 the monthly interest would be $16,849.

Banco Voii: 31.5% nominal annual rate of 2.59% for 30 days, which indicates that by freezing $1,000,000, the monthly interest will be approximately $25,890.

Commerce Bank y Regional Credit Financial Company: 31% TNA, that is, 2.55% at approximately 30 days. For example: $1,000,000 frozen for one month will leave about $25,479.

Banco Bisca, CMF, Mariva and Meridian: The annual nominal rate is 30%, that is, a return of approximately 2.47%. By freezing that same amount of pesos, the interest will be around $24,658.

Bank of the province of Córdoba y Reba financial company: 29% TNA, that is, 2.38% at 30 days of interest. So, freezing $1,000,000 will leave about $23,836.

Current Bank y Bank of the Sun: 26.5% annual nominal rates, which would give 2.18% for 30 days, that is, in the same values ​​expressed in the previous examples it would be about $21,781.

Bibank: shows a 30-day TNA of 26% or 2.14%. Example: $1,000,000 would leave about $21,370 in one month.

Chubut Bank: 25.5% TNA or 2.10% at 30 days. For freezing $1,000,000, the interest to be granted will be almost $21,000.

Provincial Bank of Tierra del Fuego: 25% TNA or 2.05% at 30 days. So, for the same deposit you will receive about $20,548.

Julio Bank: 24.5% annualized nominal rate, that is, 2.01% for approximately 30 days. Example: for $1,000,000, a saver would receive about $20,137 per month.

Comafi and Dino Bank: 24% TNA or 1.97% at 30 days. Example for $1,000,000, the interest received would be $19,726.

MasSales Bank: 22% TNA or 1.81% at 30 days. Example: for $1,000,000 you would leave $18,082.

Bank of Formosa: 21% nominal annual rate, that is, 1.73% for 30 days or about $17,260 of interest earned.