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Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Following the Central Bank's interest rate cut decision, investors are curious about the returns and interest rates that can be obtained with a 1 million TL deposit. The Central Bank of the Republic of Turkey (TCMB) has lowered its policy rate by 250 basis points to 47.5 percent after 22 months. Investors are also researching how bank deposit interest rates have changed.

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Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

The Central Bank of the Republic of Turkey (TCMB) lowered its policy rate from 50 percent to 47.5 percent by cutting it by 250 basis points at today's Monetary Policy Committee (PPK) meeting.
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

The policy rate had been held at 50 percent for the last 8 interest rate decision meetings.
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Following the first interest rate cut in 22 months, there is curiosity regarding whether there have been any changes in bank deposit interest rates.
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

The 32-day deposit interest return for 1 million TL and the banks' interest rates are as follows:
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Akbank

Interest Rate: 50.00%

Net Return: 39,452 TL

Amount at Maturity: 1,039,452 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Odea

Interest Rate: 53.00%

Net Return: 41,819 TL

Amount at Maturity: 1,041,819 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

ON Dijital

Interest Rate: 49.00%

Net Return: 38,663 TL

Amount at Maturity: 1,038,663 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

CEPTETEB

Interest Rate: 53.00%

Net Return: 41,819 TL

Amount at Maturity: 1,041,819 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Fibabanka

Interest Rate: 53.00%

Net Return: 41,819 TL

Amount at Maturity: 1,041,819 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

getirfinans

Interest Rate: 50.00%

Net Return: 39,452 TL

Amount at Maturity: 1,039,452 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Enpara.com

Interest Rate: 49.00%

Net Return: 38,663 TL

Amount at Maturity: 1,038,663 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

ON Dijital

Interest Rate: 49.00%

Net Return: 38,663 TL

Amount at Maturity: 1,038,663 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Garanti BBVA

Interest Rate: 47.50%

Net Return: 37,479 TL

Amount at Maturity: 1,037,479 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

N Kolay

Interest Rate: 48.00%

Net Return: 37,874 TL

Amount at Maturity: 1,037,874 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Alternatif Bank

Interest Rate: 53.00%

Net Return: 41,819 TL

Amount at Maturity: 1,041,819 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Türkiye Finans

Profit Share: 52.00%

Net Return: 41,030 TL

Amount at Maturity: 1,041,030 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

ING

Interest Rate: 52.00%

Net Return: 41,030 TL

Amount at Maturity: 1,041,030 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

DenizBank

Interest Rate: 50.00%

Net Return: 39,452 TL

Amount at Maturity: 1,039,452 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

QNB

Interest Rate: 48.50%

Net Return: 38,268 TL

Amount at Maturity: 1,038,268 TL
Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?

Yapı Kredi

Interest Rate: 46.00%

Net Return: 36,296 TL

Amount at Maturity: 1,036,296 TL