Fixed-term deposits: There are new yields with Banco Nación. How much does a 2,000,000 deposit yield?

The yield on 30-day fixed-term deposits varies by bank. With $2,000,000, the interest can exceed $60,000, depending on the bank.

Fixed-term deposits are one of the most popular investments in Argentina for those looking to protect their capital without taking on significant risks. However, with the recent drop in interest rates , this alternative has lost some of its appeal, affecting the returns savers receive at the end of the term.

In this context, many wonder how much a 30-day fixed-term deposit of $2,000,000 at Banco Nación can yield , especially when interest rates fluctuate constantly and can significantly impact the final profits.

According to current rates, Banco Nación offers an Annual Nominal Rate (ANR) of 31.5% for 30-day fixed-term deposits, which translates to an Annual Effective Rate (AER) of 36.48% for electronic transactions. This means that, with an investment of $2,000,000 , the interest generated in 30 days would be approximately $51,780.82 , resulting in a total amount close to $2,051,780.82 at the end of the term.

Fixed term 2 (31%).jpg

In addition to Banco Nación , other banks have also adjusted their rates to compete in this segment. For example:

Banco Provincia de Buenos Aires : 32% – Approx. profit $53,333 for $2,000,000
Banco Credicoop : 32% – Approx. profit $53,333 for $2,000,000
Banco Bica : 33% – Approx. profit $54,667 for $2,000,000
Banco Julio : 33% – Profit approx. $54,667 for $2,000,000
Banco de Córdoba (Bancor) : 37% – Approx. profit $61,667 for $2,000,000
Banco Mariva (customers) : 36% – Profit approx. $60,000 for $2,000,000
Meridian Bank : 35% – Approx. Profit $58,333 for $2,000,000
Voii Bank : 35% – Profit approx. $58,333 for $2,000,000
Regional Credit : 35% – Approx. Profit $58,333 for $2,000,000
Reba Financial Company : 36% – Profit approx. $60,000 for $2,000,000