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32-day deposit return for 500,000 TL updated: Highest net gain is 15,684 TL

According to current calculations, the 32-day net deposit return for 500,000 TL varies between 10,597 TL and 15,684 TL depending on the bank.

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The 32-day return table for 500,000 TL has been updated for time deposit rates, which are closely monitored by savers looking to protect their savings against inflation. According to the calculations, the net gain that the same amount will provide at the end of the maturity period shows significant differences between banks.

The 32-day net return for 500,000 TL varies by bank.

While the highest net gain on the list is seen at Türkiye Finans with 15,684 TL, Hayat Finans with 15,102 TL and Akbank with 15,008 TL were among the prominent institutions. The lowest net return was calculated at 10,597 TL in the Ziraat Katılım account.

The gross rate and the net amount that will be credited to the account at the end of the maturity may not yield the same result.
The return calculation for time deposits varies according to the principal, maturity, rate, and deductions.
Bank campaigns and account conditions can affect the net gain.
It is recommended to check the net gain amount before opening a deposit account.

DIFFERENCE BETWEEN GROSS RATE AND NET GAIN

In deposit comparisons, looking only at the announced interest or profit share rate is not sufficient. Although high gross rates stand out in some daily accounts, non-interest-bearing lower limits that must be kept in a demand deposit account and legal deductions can reduce the net return at the end of the maturity.

The announced amounts are calculated as net gain after withholding tax deductions.

For this reason, experts point out that the net amount that will be credited to the account at the end of the maturity should be taken into account instead of the gross percentage rate when making a decision. Some banks may also offer additional interest advantages for time deposit accounts opened through digital channels.

The end-of-maturity balance for the same principal varies from bank to bank.
Market competition is directly reflected in time deposit rates.
Savers compare the net return over a 32-day maturity.

32-DAY RETURN BY BANK

In current calculations based on a principal of 500,000 TL and a 32-day maturity, the interest/profit share rate, net gain, and end-of-maturity balance by bank are as follows:

The amounts in the table show the net gain calculation for a 500,000 TL principal and a 32-day maturity.
BankInterest/Profit share rateNet gainEnd-of-maturity balance
Halkbank35 percent12,657 TL512,657 TL
Ziraat Katılım36 percent10,597 TL510,597 TL
Enpara37 percent13,380 TL513,380 TL
İş Bankası38.5 percent13,923 TL513,923 TL
Vakıf Katılım39.5 percent14,484 TL514,484 TL
Garanti BBVA41.25 percent14,917 TL514,917 TL
Akbank41.5 percent15,008 TL515,008 TL
Hayat Finans41.76 percent15,102 TL515,102 TL
GetirFinans43 percent14,208 TL514,208 TL
QNB43.5 percent14,056 TL514,056 TL
Yapı Kredi43.5 percent14,056 TL514,056 TL
TEB44 percent14,544 TL514,544 TL
ING Bank45 percent14,053 TL514,053 TL
DenizBank45 percent14,218 TL514,218 TL
Türk Ticaret Bankası45.25 percent14,963 TL514,963 TL
ON Dijital Bankacılık45.5 percent13,710 TL513,710 TL
Anadolubank46 percent14,370 TL514,370 TL
Odea46 percent14,408 TL514,408 TL
Alternatif Bank46 percent14,408 TL514,408 TL
Fibabanka46 percent14,708 TL514,708 TL
Türkiye Finans46 percent15,684 TL515,684 TL
Ziraat Dinamik47 percent12,096 TL512,096 TL
The 32-day net gain for Halkbank was calculated as 12,657 TL.
The net gain at Ziraat Katılım was 10,597 TL, and the end-of-maturity balance was 510,597 TL.
The 32-day net return for 500,000 TL at Enpara was calculated as 13,380 TL.
The net gain for İş Bankası was at the 13,923 TL level.
The 32-day net gain at Vakıf Katılım was announced as 14,484 TL.
The net gain at Garanti BBVA was calculated as 14,917 TL.
The 32-day net return for 500,000 TL at Akbank was 15,008 TL.
The net gain at Hayat Finans was among the top with 15,102 TL.
The net gain at GetirFinans was calculated as 14,208 TL.
The 32-day net gain for QNB was 14,056 TL.
The net return at Yapı Kredi was calculated at the same level as QNB, at 14,056 TL.
The 32-day net return for 500,000 TL at TEB was 14,544 TL.
The net gain at ING Bank with a 45 percent interest rate was 14,053 TL.
The 32-day net gain at DenizBank was calculated as 14,218 TL.
The net gain at Türk Ticaret Bankası is at the 14,963 TL level.
The net gain at ON Dijital Bankacılık was listed as 13,710 TL.
The net gain for Anadolubank was 14,370 TL.
The 32-day net gain at Odea was calculated as 14,408 TL.
The net gain at Alternatif Bank was at the same level as Odea, at 14,408 TL.
The net return at Fibabanka was calculated as 14,708 TL.
Türkiye Finans became the highest-yielding option on the list with a net gain of 15,684 TL.
Despite a 47 percent interest rate at Ziraat Dinamik, the net gain was 12,096 TL.

DIGITAL CHANNELS AND DEDUCTIONS

The earnings announced in time deposit accounts are calculated as net figures after deducting income tax withholding. In addition, some banks may apply different rates to accounts opened via mobile and internet banking compared to branch channels.

The rates offered on digital channels can make a difference in the total return.
Withholding tax deduction is one of the main factors in the difference between gross interest and net return.

For this reason, before making an investment decision, the current campaign conditions of the banks, the amounts required to be kept in demand deposit accounts, and the net balance to be obtained at the end of the maturity should be evaluated together.

Bank conditions are decisive in the net gain calculation.
Savers make decisions by comparing the rates of different banks.
The end-of-maturity balance for 500,000 TL varies between 510,597 TL and 515,684 TL.