Deposit Market
Deposit Market
Total system captación, wholesale proxy, and reference rates from Banxico SIE. Cached for 24 hours.
Deposit Market
Showing validated seed · live data pendingTotal system deposits
8.48T MXN
Total captación banca comercial
Banxico SF125717 · Jan 26
Wholesale proxy (Plazo MN)
2.60T MXN
Depósitos a plazo MN
Banxico SF126421
Demand deposits (Vista MN)
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Depósitos a la vista MN
Banxico SF125719
System YoY growth
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Peak was +10.1% (Mar 2025)
Derived from SF125717
YoY Growth · Captación Total (last 18 months)
| Month | Total (B MXN) | YoY % | MoM % | Signal |
|---|---|---|---|---|
| Dec 24 | 8,180B MXN | — | — | Peak YoY |
| Jan 25 | 8,110B MXN | — | -0.9% | Seasonal dip |
| Feb 25 | 8,110B MXN | — | 0.0% | |
| Mar 25 | 8,290B MXN | — | +2.2% | Highest in 2 years |
| Apr 25 | 8,250B MXN | — | -0.5% | |
| May 25 | 8,300B MXN | — | +0.6% | |
| Jun 25 | 8,290B MXN | — | -0.1% | |
| Jul 25 | 8,350B MXN | — | +0.7% | |
| Aug 25 | 8,410B MXN | — | +0.7% | |
| Sep 25 | 8,310B MXN | — | -1.2% | Deceleration confirmed |
| Oct 25 | 8,380B MXN | — | +0.8% | |
| Nov 25 | 8,530B MXN | — | +1.8% | |
| Dec 25 | 8,720B MXN | +6.6% | +2.2% | |
| Jan 26 | 8,480B MXN | +4.6% | -2.8% | Lowest YoY in 2 years |
Key insight
The deposit market peaked at +10.1% YoY (Mar–Apr 2025) and has decelerated to +4.7% YoY as of January 2026 — the slowest growth rate in 2 years. Annual: Dec 2023→2024: +9.5% · Dec 2024→2025: +6.5%.
Instrument Breakdown · last 12 months (B MXN)
No deposit history available yet. Ask the owner to refresh.
Nómina MN is 100% retail — excluded from wholesale analysis. Plazo MN (~2.60T MXN) is the best available wholesale/corporate proxy.
Deposit Intelligence
Sector Intelligence
How macro themes translate to deposit implications by corporate segment
| Macro Theme | Sectors at Risk | Deposit Segment | Implication | Status | |
|---|---|---|---|---|---|
No themes loaded yet. | |||||
Data source: Banxico DISF / CNBV estimates · Owner-editable · Seeded May 2026
Reference Rates
Rate Trend · last 12 months
No history available.
Per-Bank Rates
Per-bank deposit rate breakdown coming soon.
Access to Banxico APIIF has been requested. This section will show deposit rates by bank (BBVA, Banorte, Banamex, Santander, HSBC, Scotiabank) once access is granted.
Why this matters
Total system deposits reached $8.48T MXN in January 2026, growing at +4.7% YoY — the slowest pace in two years. The wholesale proxy (Plazo MN) stands at $2.60T MXN. Reference rates: TIIE typically sets the floor for deposit pricing, with banks paying 20–80% of TIIE for demand deposits and up to 95% for term deposits.