Banks offer various investment vehicles to capture their clients’ money and generate mutual benefit. Among the most popular, deposits stand out fixed term in dollars.
Its operation is the same as that of a conventional fixed term in pesos, but with dollars. That is to say, The bank takes dollars from savers and returns them along with interest at the end of the established period of time.
The problem with these fixed deadlines is that they really pay very little.
Fixed term in dollars: how much each bank pays
Banks provide the following interest rates for 30-day deposits in dollars:
- French Bank: 0.10%.
- Banco Ciudad: 0.10%.
- Banco Galicia: 0.20%.
- Banco Nación: 0.25%.
- HSBC Bank: 0.10%.
- Patagonia Bank: 0.20%.
- ICBC Bank: 0.20%.
- Banco Santander: 0.05%.
- Mortgage Bank: 0.25%.
Is it advisable to make a fixed term in dollars?
As can be seen, the annual nominal rate (TNA) of a fixed term in dollars is extremely low. For reference, inflation in the United States is around 3.2%, while a Treasury bond, considered the safest asset in the world, yields around 4.5% annually.
And in the local market, you can find corporate bonds of high credit quality with an interest rate that ranges between 7% and 9% per year in dollars. In these cases, The liquidity will even be much greater than that of a fixed term.
Fixed term in pesos: interest rates of each bank
Something similar happens with fixed terms in pesos, which offer interest rates lower than local inflation:
- Macro Bank: 32%.
- City Bank: 31%.
- BBVA Bank: 31%.
- Credicoop Bank: 31%.
- ICBC Bank: 31%.
- Banco Nación: 30%.
- Provincial Bank: 30%.
- Banco Galicia: 30%.
- Santander Bank: 28%.
