Although the Central Bank kept interest rates unchanged, it increased the interest applied to Turkish lira required reserves to support the increase in the Turkish lira deposit share and the transition from FX deposits to Turkish lira deposits. This indirectly means that banks will increase their interest rates. In this context, banks have updated their deposit interest rates. Down below is the monthly return on 2 million TL for some banks.
Some banks and the interest rates they offer are listed below:
1. Alternatif Bank
– Account: VOV Account
– Interest Rate: 58.00%
– Net Gain: 96,349.73 TL
– Maturity Amount: 2,096,349.73 TL
2. Fibabanka
– Account: Kiraz Account
– Interest Rate: 57.00%
– Net Gain: 94,688.52 TL
– Maturity Amount: 2,094,688.52 TL
3. Akbank
– Account: TL Time Deposit
– Interest Rate: 55.00%
– Net Gain: 91,366.12 TL
– Maturity Amount: 2,091,366.12 TL
4. ING Bank
– Account: e-Orange Account
– Interest Rate: 55.00%
– Net Gain: 91,366.12 TL
– Maturity Amount: 2,091,366.12 TL
5. Garanti BBVA
– Account: e-Time Deposit Account
– Interest Rate: 52.00%
– Net Gain: 86,382.51 TL
– Maturity Amount: 2,086,382.51 TL
6. Yapı Kredi Bankası
– Account: Maturity Transformation Account
– Interest Rate: 49.50%
– Net Gain: 82,229.51 TL
– Maturity Amount: 2,082,229.51 TL
7. Türkiye İş Bankası
– Interest Rate: 45.00%
– Net Gain: 74,754.09 TL
– Maturity Amount: 2,074,754.09 TL
These are the monthly returns and maturity amounts for 2 million TL deposited in each of the listed banks, based on their respective interest rates and terms.
