US EditionFly the Fixed Term: Which Bank Has the Best Interest Rate This Friday, October 3
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The Central Bank of the Argentine Republic (BCRA) reduced the Annual Nominal Rate (APR) by 5% due to the prospect of a decline in inflation, resulting in a decrease of more than 100 percentage points in the profits that banks grant through fixed terms. This measure, coupled with the abolition of the restrictions on minimum interest rates, led to a greater competitiveness among banking entities with respect to the remuneration they offer. For thi…
Fixed terms remain one of the most chosen alternatives by savers seeking a simple and low-risk investment.While interest rates depend on each financial institution, the Central Bank of the Argentine Republic (BCRA) publishes daily updated information so that users can compare and choose the most convenient option.How fixed-term rates work in Argentina The traditional fixed term in pesos to 30 days is the most used. The interest rate offered by e…
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