Interest income surpasses minimum wage: Here is the latest on deposit interest rates...
Following the latest decisions by the Central Bank, the rise in interest rates continues where it left off. Banks are now engaged in a competition for deposit interest rates. Here is the monthly return on 1 million TL...
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Due to the economic crisis, interest rates kept high to prevent the loss of value in the TL have caused banks to enter a competition for deposits.
The interest return on 1 million liras corresponds to an amount higher than the minimum wage.
Here are the bank interest rates:
HSBC – Modern Account
Interest Rate: 49%
32-Day Net Return: 36,515.07 TL
Amount at Maturity: 1,036,515.07 TL
DenizBank – Captain Account
Interest Rate: 49%
32-Day Net Return: 36,515.07 TL
Amount at Maturity: 1,036,515.07 TL
QNB Finansbank – Profitable Daily Account
Interest Rate: 48.5%
32-Day Net Return: 36,142.47 TL
Amount at Maturity: 1,036,142.47 TL
Akbank – Term TL Account
Interest Rate: 47.5%
32-Day Net Return: 35,397.26 TL
Amount at Maturity: 1,035,397.26 TL
ING – Orange Account
Interest Rate: 47%
32-Day Net Return: 35,024.66 TL
Amount at Maturity: 1,035,024.66 TL
TEB
Interest Rate: 48.5%
Amount at Maturity: 1,036,142 TL
Net Gain: 36,142 TL
FİBABANKA
Interest Rate: 49%
Amount at Maturity: 1,036,515 TL
Net Gain: 36,515 TL
GARANTİ BBVA
Interest Rate: 47%
Amount at Maturity: 1,035,025 TL
Net Gain: 35,025 TL