Historical race in deposit interest: 32-day return of 1 million TL was astounding

10 May 2026

Lerato Khumalo

Following the Central Bank’s latest interest rate decisions, banks also increased their deposit interest rates. While interest rates are approaching the 45 percent level again, especially in the 32-day term, promotional rates of over 50 percent in some digital banks attract attention.

The monthly return of 1 million TL varies significantly depending on the bank.

As of May 2026, annual interest rates in some prominent banks and digital platforms are as follows:

ON Digital (Burgan Bank) 54%

Alternatif Bank VOV 53.5%

Fibabanka Kiraz Account 52%

Odeabank around 45%

CEPTETEB 45%

Anadolubank 45%

QNB 42%

Garanti BBVA 41.5%

Lerato Khumalo

As the editor-in-chief of Tuugo, I have dedicated over ten years to analyzing global economic dynamics and sharing insightful perspectives with our readers. My journey has allowed me to gain a deep understanding of contemporary economic issues and translate them into rigorous and balanced reports. I strive to promote constructive dialogue and a better understanding of current economic realities.