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2 clusters · 4 sources · 17 days · First seen · Last updated

Fixed-term deposit trends in Argentina, Bolivia, and Spain

Overview

Banking sectors in Argentina, Bolivia, and Spain are seeing varied activity regarding fixed-term deposit products as savers seek to protect capital against inflation.

In Argentina, fixed-term deposits have shown an average Annual Nominal Rate (TNA) of approximately 37%. In Spain, savers have utilized products such as hybrid models from Caja Rural de Navarra, which split investments between fixed-rate deposits and investment funds to provide predictability.

More recently, new products have been introduced to increase competition. In Bolivia, Banco Ecofuturo launched the ‘SuperDPF’, offering interest rates between 9.10% and 11% depending on whether the account is opened in person or digitally. In Spain, EBN Banco released its ‘Nuevo Ahorro’ deposit with a 3.10% TAE annual return for a 12-month term, following rate adjustments by other entities such as Pibank, MyInvestor, and Banca March.

Entities

MyInvestor · EBN Banco · Banco Ecofuturo · Banco Central Europeo · Pibank

Timeline

  1. [BUSINESS] 2 sources
    Banks in Bolivia and Spain launch new fixed-term deposit products

    Banks in Bolivia and Spain are launching new fixed-term deposit products, with Banco Ecofuturo offering up to 11% digitally and EBN Banco providing a 3.10% rate in Spain.

  2. [BUSINESS] 2 sources
    Fixed-term deposits offer varying returns for savers in Argentina and Spain

    Savers in Argentina and Spain are utilizing fixed-term deposits to combat inflation, with Argentine rates averaging 37% TNA and Spanish options offering hybrid fixed-rate and investment fund models.

Sources

elvocero.com.ar · expansion.com · inforse.com.bo · noticiasdeNavarra.com