August Savings Account Offers: Banks Offer Up to 9.7% TREA

Peruvian banks have launched savings account campaigns for August 2026, with some offers reaching a Tasa de Rendimiento Efectiva Anual (TREA) of 9.7% for three-month terms, according to reporting by Infobae on August 6, 2026.

The current competitive landscape in the Peruvian banking sector shows a push to attract liquidity through short-term high-yield accounts. These rates are designed to provide a higher return than standard savings accounts, though they often come with specific conditions regarding the term of the deposit and the amount of capital required.

August 2026 Savings Rates and TREA Figures

The TREA, which represents the actual annual yield a customer receives after accounting for costs and commissions, has peaked at 9.7% for specific three-month windows in the August campaigns, Infobae reports. This figure serves as the primary benchmark for consumers comparing the profitability of different financial institutions.

These promotional rates typically apply to “new money” or specific account types that restrict the frequency of withdrawals to maintain the high yield. The three-month duration is a common strategy used by banks to secure short-term funding while remaining flexible to adjust rates if central bank policies shift.

Market Context for High-Yield Savings in Peru

The launch of these campaigns reflects a broader trend of competition among Peruvian banks to capture deposits in a volatile economic environment. By offering rates near 10%, banks are attempting to incentivize depositors to move funds from traditional low-interest accounts into these targeted promotional products.

According to Infobae, the disparity between the highest promotional rates and standard savings rates remains significant, making these August campaigns a primary tool for banks to increase their deposit base quickly.

Terms and Conditions for Promotional Accounts

The 9.7% TREA is not a universal rate across all savings products but is tied to specific campaigns. These offers generally require the depositor to commit their funds for a fixed period, in this case, three months, to realize the full annual equivalent return.

Financial institutions often implement these campaigns to balance their liquidity ratios. The short-term nature of the three-month window allows banks to attract capital without committing to high interest payments over a longer multi-year horizon.