Performance of $5,000,000 in 30 Days in Fixed-Term Deposits

The interest rates for fixed-term deposits in August show significant differences among banks. With $5,000,000 immobilized for 30 days, the yield varies between 16% and over 22% nominal annual. At Banco Nación, the nominal annual rate (TNA) is 15.50% for branch operations and 19% for electronic channels, resulting in a difference of $14,383.56 in earnings. Investing $5,000,000 for 30 days through electronic channels yields a profit of $78,082.19, totaling $5,078,082.19. In contrast, through the branch, the profit is $63,698.63, totaling $5,063,698.63. The Central Bank of the Argentine Republic (BCRA) offers a rate comparator, highlighting the following TNAs: Banco Provincia 19.5%, Banco Nación 19% (electronic), Banco Macro 18.5%, BBVA 18.5%, ICBC 17.7%, Banco Credicoop 17.5%, Banco Galicia 17.5%, Banco Ciudad 17%, Banco Patagonia 16%, and Banco Santander 16%. Rates may vary depending on the amount and conditions of each operation. Predictability and liquidity are key advantages, although the capital remains immobilized until maturity. Comparing rates is crucial, as a difference in TNA from 16% to 22% can mean over $25,000 in interest.