Fixed-term deposits are rising again: How much can you earn with $2,000,000 for 30 days at Banco Nación?

Interest rates for fixed-term deposits in pesos are rising at several financial institutions, with Banco Nación leading the way. In a context where the Argentine economy is seeking greater stability, banks are adjusting their rates to attract savers.

With a $2,000,000 deposit for 30 days, Banco Nación offers increasing returns, especially if made through digital channels . Below, we'll tell you how much you can earn and how it compares to other banks .

Banco Nación offers a 30-day, $2,000,000 fixed-term deposit at a branch with an Annual Nominal Rate (APR) of 27.50%, while electronically, the rate rises to 37%. This means that at the end of the term, the deposited capital will earn $45,205.48 in interest at the branch, for a total of $2,045,205.48.

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On the other hand, if the deposit is made digitally, the interest amounts to $60,821.92, with a final total of $2,060,821.92. This significant difference demonstrates the advantage of making a fixed-term deposit through electronic channels, which offer higher returns for investors. The difference between the branch and digital deposits represents a profit difference of $15,616.44 in favor of making a fixed-term deposit electronically.

Below are the annual nominal interest rates (APRs) offered by major banks for 30-day deposits of $2,000,000, along with the estimated monthly profit:

• Banco de la Nación Argentina : 37% APR – Approximate interest: $60,821.92

• Banco Santander Argentina SA : 33% APR – Approximate interest: $54,270.00

• Banco de Galicia y Buenos Aires SA : 36.25% APR – Approximate interest: $59,512.33

• Bank of the Province of Buenos Aires : 32% APR – Approximate interest: $52,576.71

• Banco BBVA Argentina SA : 35% APR – Approximate interest: $57,525.00

• Banco Macro SA : 33.5% APR – Approximate interest: $55,063.01

• Banco Credicoop Cooperativo Limitado : 35% APR – Approximate interest: $57,525.00

• Industrial and Commercial Bank of China (Argentina) SAU : 34.6% APR – Approximate interest: $56,865.75

• Bank of the City of Buenos Aires : 29% APR – Approximate interest: $47,670.35

• Banco BICA SA : 37% APR – Approximate interest: $60,821.92

• Banco CMF SA : 38% APR – Approximate interest: $62,424.66

• Banco Comafi Sociedad Anónima : 35% APR – Approximate interest: $57,525.00

• Banco de Corrientes SA : 36% APR – Approximate interest: $59,146.58

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• Banco de Formosa SA : 30% APR – Approximate interest: $49,315.07

• Banco de la Provincia de Córdoba SA : 36% APR – Approximate interest: $59,146.58

• Banco del Chubut SA : 33% APR – Approximate interest: $54,270.00

• Banco del Sol SA : 37.5% APR – Approximate interest: $61,621.92

• Banco DINO SA : 29% APR – Approximate interest: $47,670.35

• Banco Hipotecario SA : 34% APR – Approximate interest: $55,870.41

• Banco Julio Sociedad Anónima : 29% APR – Approximate interest: $47,670.35

• Banco Mariva SA : 37% APR – Approximate interest: $60,821.92

• Banco Masventas SA : 22% APR – Approximate interest: $36,146.58

• Banco Meridian SA : 38% APR – Approximate interest: $62,424.66

• Banco Provincia de Tierra del Fuego : 36% APR – Approximate interest: $59,146.58

• Banco VOII SA : 37% TNA – Approximate interest: $60,821.92

• Bibank SA : 36% APR – Approximate interest: $59,146.58

• Regional Credit Financial Company SAU : 37% APR – Approximate interest: $60,821.92

• REBA Financial Company SA : 37.5% APR – Approximate interest: $61,621.92