Change your fixed-term deposit: how much does a 30-day investment of $580,000 generate at Banco Nación?

Many Argentines are looking for places to invest their pesos to get the best return. Since March 2024, following the Central Bank's deregulation, banks have been able to freely set the interest rate on fixed-term deposits , which has led to a wide range of options among different institutions.

Banco Nación offers competitive rates, but other banks also offer attractive options for those who want to protect their money and avoid losing purchasing power. Knowing how much a fixed-term deposit in pesos yields is key to deciding where to invest.

According to Banco Nación 's official simulator, a 30-day fixed-term deposit of $580,000 generates different returns depending on the channel chosen. If deposited in a branch, the APR is 25.50%, which translates to interest of $12,156.16 and a total amount of $592,156.16. However, if deposited electronically, the APR rises to 30.50%, with interest of $14,539.73 and a total of $594,539.73.

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This is explained by the Banco de la Nación Argentina , which emphasizes the importance of comparing modalities to maximize the benefit when making a fixed-term deposit in pesos .

Below are the approximate interest rates and interest for a 30-day fixed-term deposit of $580,000 at other banks :

• Banco Santander Argentina SA - 28% APR → approximate interest $13,266
• Banco de Galicia y Buenos Aires SAU - 30.25% APR → approximate interest $14,238
• Bank of the Province of Buenos Aires - 30.5% APR → approximate interest $14,359
• Banco BBVA Argentina SA - 29.5% APR → approximate interest $13,882
• Banco Macro SA - 30% APR → approximate interest $14,100
• Banco Credicoop Cooperativo Limitado - 29.5% APR → approximate interest $13,882
• Industrial and Commercial Bank of China (Argentina) SAU - 29.25% APR → approximate interest $13,757
• Bank of the City of Buenos Aires - 29% APR → approximate interest $13,635
• Banco BICA SA - 33% APR → approximate interest $15,390
• Banco CMF SA - 32% APR → approximate interest $14,928
• Banco COMAFI Sociedad Anónima - 30.25% APR → approximate interest $14,238
• Banco de Corrientes SA - 31% APR → approximate interest $14,465
• Banco de la Provincia de Córdoba SA - 35.5% APR → approximate interest $16,565

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• Banco del Chubut SA - 31% APR → approximate interest $14,465
• Banco del Sol SA - 36% APR → approximate interest $16,800
• Banco DINO SA - 32% APR → approximate interest $14,928
• Banco Hipotecario SA - 30% APR → approximate interest $14,100
• Banco Julio Sociedad Anónima - 33% APR → approximate interest $15,390
• Banco Mariva SA - 34% APR → approximate interest $15,840
• Banco Masventas SA - 26.5% APR → approximate interest $12,345
• Banco Meridian SA - 34% APR → approximate interest $15,840
• Banco Provincia de Tierra del Fuego - 30.5% APR → approximate interest $14,359
• Banco VOII SA - 35% TNA → approximate interest $16,300
• BIBANK SA - 32% APR → approximate interest $14,928
• Regional Credit Financial Company SAU - 34% APR → approximate interest $15,840
• REBA Financial Company SA - 34% APR → approximate interest $15,840