29/06/2026 13:13 - Economia
As of Monday, June 29, 2026, the Central Bank of the Argentine Republic (BCRA) has published its comparative table of interest rates for fixed terms in pesos. For foreigners and locals alike, a "Plazo Fijo" is essentially a time deposit or a Certificate of Deposit (CD) where you lock your money for a set period—usually 30 days—in exchange for a guaranteed interest rate.
Since 2024, under the management of Santiago Bausili, the BCRA eliminated the mandatory minimum interest rate regulation. This means each bank sets its own rate, creating a competitive market where shopping around can yield significantly better returns.
These rates apply if you already have an account with the bank. Traditional banks like Banco Nación (state-owned) and Banco Provincia (provincial) often offer competitive rates.
| Bank | Annual Rate |
|---|---|
| Banco Provincia | 19.5% |
| Banco Macro | 19.5% |
| Banco Nación | 19% |
| Banco BBVA | 18.75% |
| Banco de Formosa | 18.5% |
| Banco del Chubut | 18.5% |
| Banco Hipotecario | 18% |
| Banco Galicia | 17.5% |
| Banco Credicoop | 17.5% |
| Banco ICBC | 17.2% |
| Banco Ciudad | 17% |
| Banco Patagonia | 16% |
| Banco Santander | 14.5% |
You don't need to be a customer to get these rates. Many smaller financial institutions allow you to open a fixed term entirely online, often offering the best yields to attract new capital.
| Bank / Financial Institution | Annual Rate |
|---|---|
| Banco del Sol | 23% |
| Banco Voii S.A. | 23% |
| Bibank S.A. | 23% |
| Crédito Regional Compañía Financiera | 23% |
| Reba | 23% |
| Banco Meridian | 22.75% |
| Banco BICA S.A. | 22% |
| Banco CMF S.A. | 22% |
| Banco Columbia | 22% |
| Banco de Córdoba | 20.75% |
| Banco Dino S.A. | 20% |
| Banco Mariva | 21% |
| Banco de Comercio | 19% |
A Plazo Fijo is the safest investment in Argentina for those holding Pesos (ARS). You deposit funds for a fixed term (usually 30 days) and lock in an interest rate. At the end of the term, you receive your capital plus interest. The BCRA guarantees these deposits, making them a low-risk option compared to stocks or crypto.
There are no costs to open one; you can do it via Home Banking or mobile apps instantly.
The official dollar stands at $1,495 (selling price) according to Banco Nación. The BCRA has strengthened reserves, accumulating purchases of USD 11,000 million in 2026.
Projected inflation for 2026 is 29% (BBVA Research), while the official dollar rose only 1.5% in the first semester, suggesting a period of relative stability for the local currency.
If you invest $1,000,000 ARS (approx. $668 USD at official rate) for 30 days:
Note: Calculations are approximate based on the nominal annual rate. Always verify conditions directly with the bank.
The BCRA updates this information daily on their official website. It lists the top banks by deposit volume and those offering rates to non-clients, ensuring transparency for all investors.
Alfredo S. Quiroga
