The race in deposit interest has become intense… Monthly earnings of up to 2 million TL and 65 thousand TL!

//

Lerato Khumalo

Deposit interest rates continue to remain at high levels due to the tight monetary policy process in Türkiye. With the increasing competition between banks, remarkable returns come to the fore, especially for high-amount savings.

While interest rates in the market for a 32-day maturity are generally shaped in the range of 40 percent to 45 percent, the monthly net return of a 2 million TL deposit varies between approximately 50 thousand TL and 65 thousand TL.

According to these rates, the net gain of 2 million TL in a 32-day period can make a difference of up to 15 thousand TL, although it varies depending on the bank.

As of April 11, the 1-month interest income of 2 million TL was shaped bank by bank as follows:

AKBANK

Interest Rate 43%

Net Earnings 62.202,74 TL

End of Maturity Balance 2.062.202,74 TL

GARANTİ BBVA

Interest Rate 42%

Net Earnings 60.756,16 TL

End of Maturity Balance 2.060.756,16 TL