Banks are offering a wide range of interest rates for fixed-term deposits in April, with differences that can significantly affect the amount needed to earn $200,000 per month in interest. According to recent data, some banks offer nominal annual rates as low as 19%, while others reach above 27%.
This disparity means that investors must deposit very different amounts depending on the institution they choose. For example, Banco Galicia offers a rate of 19.5%, requiring an investment of $12,478,632 to generate $200,000 in monthly interest. Banco Santander’s rate is slightly higher at 20%, but still requires $12,166,666. Banco Nación offers a rate of 21%, lowering the necessary deposit to $11,587,301.
Regional banks present intermediate options: Banco Macro’s rate stands at 24%, meaning an investor would need $10,138,888; Banco Provincia (BAPRO) offers a rate of 23% and requires $10,579,710; BBVA has a rate of 22% with a corresponding deposit requirement of $11,060,606.
Digital and financial entities tend to provide higher returns. Banco Bica’s offer is at 27%, so only $9,012,345 needs to be deposited for the same monthly gain. The highest reported rates come from Crédito Regional or Banco Meridian at 27.75%, which brings down the required capital even further to $8,768,768.
The difference between choosing the lowest- and highest-paying institutions amounts to nearly four million pesos in initial capital for identical earnings each month. Analysts recommend that savers check current rates before investing through online banking platforms because banks may adjust their offerings weekly.
