The BCRA Has Raised the Minimum Interest Rate on Time Deposits

The BCRA Raised the Minimum Rate for Time Deposits

The Board of the BCRA has raised today the minimum interest rate on natural persons’ time deposits. The new floor for 30-day time deposits up to ARS30 million is 118% APR. The effective monthly rate increases to 9.7%.

For all other private sector time deposits, the minimum rate is 111%, with a 9.12% effective monthly interest rate.

August 14, 2023