Rapid change in interest rates… 1-day return of 3 million TL has been announced

//

Lerato Khumalo

The Central Bank of the Republic of Türkiye (CBRT) left policy rates constant at 37 percent last Thursday, depending on the developments in global markets. After the interest rate decision was announced, all eyes turned to banks’ deposit rates.

Deposit interest rates continue to remain above 40 percent.

Here are the bank deposit interest rates and 1-day interest yield of 3 million TL:

QNB

Interest Rate 42.75%
Net Earnings 2.609 TL
End of Maturity Amount 3.002.609 TL

Yapı Kredi

Interest Rate 41.5%
Net Earnings 2.533 TL
End of Maturity Amount 3.002.533 TL

TEB

Interest Rate 43%
Net Earnings 2.624 TL
End of Maturity Amount 3.002.624 TL