Change your fixed-term deposit: How much does it yield if you deposit $900,000 at Banco Nación for 30 days?

The Central Bank 's elimination of minimum interest rates forced Argentine banks to compete for their customers' deposits. Fixed-term deposits in pesos , one of the most popular savings instruments for those seeking to preserve their capital without risk, began to offer very different returns from one institution to another.

In this new scenario, savers must pay attention to the rate offered, the channel used to sign up, and whether they need to be a customer . Banco Nación, like other leading banks, has already updated its rates. Comparing how much you can earn with $900,000 invested in each bank has become essential to avoid losing out on returns.

Banco Nación offers two different rates depending on how the fixed-term deposit is set up:

• In branches, the Annual Nominal Rate (APR) is 25.50%.

• Estimated profit: $18,863.01

• Final amount: $918,863.01

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• Through electronic channels (such as home banking), the APR rises to 30.50%.

  • Estimated profit: $22,561.64

  • Final amount: $922,561.64

The difference between operating in person and online is significant. By choosing the digital channel alone, performance can improve by almost $3,700 per month.

Below is the breakdown of how much a $900,000 investment in each bank yields, according to the annual percentage rate reported by each financial institution:

• Banco Nación : 30.5% → $22,561.64

• Bank of the Province of Buenos Aires : 30.5% → $22,561.64

• Banco Galicia : 30.25% → $22,396.58

• GGAL Bank : 30.25% → $22,396.58

• Comafi Bank : 30.25% → $22,396.58

• BBVA Bank : 30% → $22,232.19

• Macro Bank : 30% → $22,232.19

• Credicoop Bank : 29.5% → $21,902.74

• ICBC : 29.25% → $21,737.26

• Banco Ciudad : 29% → $21,572.88

• Banco Santander : 28% → $20,907.53

• Banco Másventas : 27.5% → $20,578.08

Loans

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• Bank of the Province of Córdoba : 35.5% → $26,258.90

• Mariva Bank : 35.5% → $26,258.90

• VOII Bank : 35% → $25,929.45

• Meridian Bank : 34% → $25,270.55

• REBA Financial Company : 34% → $25,270.55

• Regional Credit : 34% → $25,270.55

• BICA Bank : 33% → $24,611.64

• Banco Julio : 33% → $24,611.64

• CMF Bank : 32% → $23,952.74

• DINO Bank : 32% → $23,952.74

• BIBANK : 32% → $23,952.74

• Banco del Chubut : 31.5% → $23,628.29

• Banco del Sol : 31% → $23,293.84

• Mortgage Bank : 31% → $23,293.84

• Bank of Corrientes : 31% → $23,293.84

• Bank of the Province of Tierra del Fuego : 30.5% → $22,561.64

As you can see, the difference in earnings between the bank with the highest interest rate (Banco de Córdoba or Mariva) and the one with the lowest (Banco Másventas) is $5,680 per month on the same capital. Choosing the right deposit location, and even which channel, is crucial for protecting the value of your savings against inflation.