Monthly return of 1 million TL has been recalculated

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Lerato Khumalo

Following the developments in global markets, deposit interest rates in Türkiye started to rise again. While banks increased interest rates above 44 percent after the steps taken by the Central Bank, the question that investors are most curious about is “How much is the monthly return of 1 million TL?” The question also came up again. With the updated rates, there was a significant increase in the earnings provided by deposits.

Deposit interest rates entered an upward trend again after the steps were taken to support TL. Interest rates in banks exceeded the 44 percent band.

HERE ARE THE CURRENT DEPOSIT INTEREST RATES

Foundation Participation

Dividend Rate: 44%
Net Earnings: 32.320,15 TL
Amount at maturity: 1.032.320,15 TL

Fibabanka

Interest Rate: 43%
Net Earnings: 31.574,49 TL
Amount at maturity: 1.031.574,49 TL