Deposit interest rates, which are seen as a safe haven for risk-averse investors, continue to decline.
While the highest rate offered by banks was 40.25% last week, it dropped to 39.50% this week.
Thus, the 40 percent level, which has been considered a psychological threshold for a long time, was broken downwards.
Deposit interest rates, which peaked at 55 percent in January last year, entered a period of decline with the steps taken by the economic management and the change in monetary policy.
The reductions in policy interest rates in parallel with the decline in inflation brought an end to the 50s of deposit rates.
While the year 2026 was entered with optimistic expectations in the markets, the Central Bank of the Republic of Turkey (CBRT) made a 100 basis point interest rate cut at its January meeting, bringing the policy rate to 37%.
Deposit interest rates, which started the year in the 42.00-42.50% band, also moved downwards after this decision.
The loosening process in monetary policy paved the way for banks to gradually reduce deposit interest rates.
According to the news in Türkiye Newspaper, after the CBRT’s interest rate cut, banks also updated their deposit campaigns.
