To place $1.000.000 in a fixed term at 30 days can generate disparate results, according to Banking entity chosen. Currently, a total of 28 banks and financial companies report Central bank of the Argentine Republic (BCRA) the rates they offer for this type of deposits. Annual nominal rates (TNA) vary from 27.50% up to 37.00%which implies a difference from More than $ 7,800 between the bank that gives the least and the one that pays the most at the end of the term.
He Bank of the Province of Córdoba SA Head the ranking with a TNA of 37.00%equivalent to a monthly rate of 3,04%. Thus, who deposits $ 1,000,000 will receive $30.410,96 of interest in 30 days, reaching a total of $1.030.410,96. This bank offers the highest performance among all entities that report their rates to the BCRA.
They follow him Reba Company Financial SA, Bank Mariva SA y BANCO DEL SOL SAall with a tna of 36,00%which represents a monthly return of 2,96%. These banks return $1.029.589,04 After the deadline, which positions them among the most convenient for savers.
Another group of banks offers a TNA of 35,00%. In this category are found Banco Meridian S.A., Banco Voii SA, Bibank S.A. y Regional credit Financial Sau. All grant the same performance: $28.767,12 of interest in 30 days, with an accumulated total of $1.028.767,12 At the end of the period.
The next strip is occupied by entities that offer rates of 33,00%with an estimated monthly rate in 2,71%. These banks are Argentine Nation Bank, BANCO BICA SA, Bank of Corrientes SA, Banco del Chubut Sa y Banco Julio Sociedad Anónima. Each returns $1.027.123,29 at the expiration of the term, that is, $27.123,29 of profit.
A step below is the Bank of the Province of Buenos Aireswith a tna of 32,00% and a monthly performance of 2,63%. The total at the end of 30 days reaches the $1.026.301,37. The same rate and performance offer BANCO CREDICOOP LIMITED COOPERATIVE, Banco CMF S.A., BANCO DINO SA y Bank of Galicia and Buenos Aires Sau.
Within the same range, although with a slight variation in the TNA, they appear BBVA ARGENTINA SA BANCO con 31,50% (2.59% monthly) and a performance of $1.025.890,41y BANCO MORTGAGARIO SA next to Banco GGAL S.A.both with 31,00% (2.55% monthly), which return $1.025.479,45.
Among the lowest rates is Banco Macro S.A.which offers 30,50% annual (2.51% monthly) and return $1.025.068,49. It is also Bank Province of Tierra del Fuego with the same TNA and performance. They follow him COMAFI BANK SOCIEDAD con 30,00% (2.47% monthly), which grants $1.024.657,53y Industrial and Commercial Bank of China (Argentina) S.A.U.which offers 29,50% (2.42% monthly) and a total of $1.024.246,58.
Below 30% are two Buenos Aires banks: Bank of the City of Buenos Airescon 29,00% of TNA (2.38% monthly) and a performance of $1.023.835,62y BANCO SANTANDER ARGENTINA SAcon 28,00% of TNA (2.30% monthly) and a return of $1.023.013,70.
In the last position it is BANCO MASVENTAS SAwhich offers the lowest TNA of the set: 27,50%. This translates into a monthly rate of 2,26% and a performance of $1.022.602,74 after 30 days, which represents $ 7,808.22 less than the bank with the highest performance.
The difference between placing money in the entity that pays the most and the one that is less notable. If a saver opts for Bank of the Province of Córdoba SAhe will win $30.410,96 per month, while BANCO MASVENTAS SAthe same amount produces only $22.602,74. This gap equals a percentage difference greater than the 34% about the interests won.
These figures show that choosing one bank or another has a direct impact on deposit income. For those who perform successive or high amounts, these differences accumulate and can generate important profits or losses.
Las Financial Companies They compete with aggressiveness against Traditional banks in the supply of rates for fixed deadlines. Reba, Regional credit, Bibank y the will They are among those offered TNA of 35% or morewhich places them above several trajectory banking entities. The difference is reflected both in the monthly rate and in the final yield over a million pesos.
Among the state banking entitiesperformance also varies. Argentine Nation Bank offers one TNA of 33.50%that yields $27.534,25 in a month. Bank of the Province of Buenos Aires grants a somewhat lower rate, of 32,00%with a monthly interest of $26.301,37. Bank of the City of Buenos Aires is below, with a tna of 29,00% and a performance of $23.835,62. Finally, Bank Province of Tierra del Fuego appears with 30,50% y $25.068,49 After the period.
These entities are usually chosen by their volume of national operations and coverage, although they do not always lead the yield ranking. Instead, some fintech or smaller banks offer more competitive conditions.
The interest obtained by placing $1.000.000 30 days in entities that offer the largest TNA (36% and 37%) oscillates between $29.589,04 y $30.410,96. On the other hand, banks with lower rates (27.50% to 30.00%) return between $22.602,74 y $24.657,53. This means that the bank’s choice can modify the monthly admission of the investor in more than $7.800.
Those who analyze a fixed term deposit can consult daily the rates published by the BCRA, which collects this information for the deposits of human persons, not for companies or investments of greater porte.
The following banks and entities reported rates and yields to the BCRA:
- Bank of the Province of Córdoba SA: $1.030.410,96
- Reba Company Financial SA / Bank Mariva SA / BANCO DEL SOL SA: $1.029.589,04
- Banco Meridian S.A. / Banco Voii SA / Bibank S.A. / CFSAU REGIONAL CREDIT: $1.028.767,12
- Argentine Nation Bank: $1.027.534,25
- BANCO BICA SA / Bank of Corrientes SA / Banco del Chubut Sa / BANCO JULIO SA: $1.027.123,29
- Bank of the Province of Buenos Aires / Banco Credicoop Cl / Banco CMF S.A. / BANCO DINO SA: $1.026.301,37
- BBVA ARGENTINA SA BANCO: $1.025.890,41
- Banco GGAL S.A. / Bank of Galicia and Buenos Aires Sau / BANCO MORTGAGARIO SA: $1.025.479,45
- Banco Macro S.A. / Bank Province of Tierra del Fuego: $1.025.068,49
- Banco Comafi S.A.: $1.024.657,53
- Industrial and Commercial Bank of China (Argentina) S.A.U.: $1.024.246,58
- Bank of the City of Buenos Aires: $1.023.835,62
- BANCO SANTANDER ARGENTINA SA: $1.023.013,70
- BANCO MASVENTAS SA: $1.022.602,74
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