For all other private sector time deposits, the minimum rate is 111%, with a 9.17% effective monthly rate.
The BCRA raised the minimum rate on time deposits
Monday, August 14, 2023
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 has increased to 9.7%.
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