Fixed-term rates in March: bank-by-bank comparative guide

Argentine savers have official and up-to-date information to make decisions about their short-term investments. Fixed-term deposit rates vary significantly depending on each bank, making it necessary to compare offers before opening an account. In March, the Central Bank of the Argentine Republic (BCRA), under the leadership of Santiago Bausili, continues to publish the yields offered by each bank, allowing clients to identify the most convenient options for their savings.

Why check updated fixed-term deposit rates?

Since deregulation implemented in 2024, the BCRA eliminated mandatory minimum rates for peso fixed deposits, leaving each financial institution to set its own conditions. This measure has created a diverse landscape in the market: yields saw a notable increase in January, and since then, most proposals range between 20% and 30% annually.

For depositors, this presents both an opportunity and a challenge. A difference of just a few percentage points can mean significant gains when dealing with large amounts. For this reason, accessing the BCRA’s official comparison table is essential to choose the institution that best fits each investor’s needs.

Fixed-term deposit rates of major banks for 30 days

In March, the country’s leading banks offer the following rates for peso deposits maturing in 30 days:

Public and large private banks:

• Banco Nación: 24.5%
• Banco Provincia: 25%
• Banco Ciudad: 21%
• Banco Santander: 23%
• Banco Galicia: 23%
• BBVA: 23%
• Banco Macro: 26%
• Banco Credicoop: 22%
• Banco ICBC: 24.8%

According to BCRA data, these institutions hold the largest volume of deposits in the Argentine financial system. All of them offer the possibility to open fixed-term deposits through online banking, with no additional costs or complicated procedures for their clients.

Additional options: competitive fixed-term deposit rates in the market

For those seeking higher yields, there are banks with more aggressive offers. These banks also publish their 30-day fixed-term deposit rates for non-clients:

• Banco BICA S.A.: 31%
• Banco CMF S.A.: 32.5%
• Banco Comafi: 24%
• Banco de Comercio: 27%
• Banco de Corrientes: 24%
• Banco de Formosa: 21%
• Banco de Córdoba: 28%
• Banco del Chubut: 26%
• Banco del Sol: 29%
• Banco Dino S.A.: 27%
• Banco Hipotecario: 26%
• Banco Julio: 26.5%
• Banco Mariva: 29%
• Banco Masventas S.A.: 24%
• Banco Meridian: 32%
• Banco Provincia de Tierra del Fuego: 25%
• Banco Voii S.A.: 32%
• Bibank S.A.: 28%
• Crédito Regional Compañía Financiera: 32.25%
• Reba: 30%
• Banco Columbia: 28%

These institutions often offer yields exceeding those of major banks, reaching up to 32.5% in some cases. However, it’s important to consider other factors beyond the percentage return: the institution’s reputation, access to reliable digital platforms, and ease of fund withdrawal.

How to access official information

The BCRA maintains an updated comparison table on its official website, detailing all available fixed-term deposit rates. The agency states that this tool is designed to facilitate decision-making by removing unnecessary costs and procedures. Interested parties can consult directly on the BCRA’s portal or contact the respective branches to verify the specific conditions of each offer.

For existing clients of a particular institution, opening a fixed-term deposit is simple through online banking. For non-clients, each bank offers the possibility to access directly from its website, allowing any saver to take advantage of the best fixed-term deposit rates available in the market without barriers.