Banks' deposit race accelerates: What is the monthly return on 100,000 TL?
In the final month of the year, the deposit race among banks has accelerated. As of December, TL deposit interest rates have risen to as high as 55%. So, in light of these rates, what is the monthly return on 100,000 TL? The answer is in our report...
12punto
Campaigns launched by banks for deposits continue in the final month of the year. The Central Bank will hold its final interest rate meeting of the year on December 26.
Türkiye Gazetesi reported that the interest rate, which has remained unchanged since March, could be cut to 47.50%. Warnings from economic experts against an early rate cut continue to arrive.
While the Central Bank's decision is awaited, banks continue to increase interest rates to attract deposits.
Here are the current rates offered for TL deposits on the websites of some banks as of December 2024:
Anadolubank: 55% (1-90 day maturity)
ON Dijital (Burgan Bank): 55%
TEB: 53% (Marifetli Hesap-30 days)
Alternatif Bank: 53% (VOV Hesap)
ING Bank: 52%
Fibabanka: 51%
Odea Bank: 51%
Akbank: 50%
DenizBank: 50%
QNB: 49%