What is the monthly return on 1 million lira after the Central Bank's interest rate decision? Here are the interest rates by bank
Following the Central Bank of the Republic of Turkey's interest rate decision, banks have updated their 32-day term deposit interest rates. Investors have begun researching which banks offer the highest returns on an investment of 1 million lira. While ING Bank offers the highest return with a 52 percent interest rate, the rates of other banks also vary. Here are the interest rates by bank...
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Following the latest interest rate decision by the Central Bank of the Republic of Turkey (CBRT), banks have updated their interest rates for 32-day term deposit accounts.
Investors have begun researching the earnings that 1 million lira will generate at the end of a 32-day term.
WHAT ARE THE INTEREST RATES FOR EACH BANK?
The return rates for term deposit accounts, which are an important source of income for investors, vary between banks.
Here are the current interest rates and the net earnings that 1 million lira will provide over a 32-day term:
Akbank
Interest Rate: 48 percent
Net Earnings: 37,770.49 TL
Amount at Maturity: 1,037,770.49 TL
Yapı Kredi
Interest Rate: 46 percent
Net Earnings: 36,196.72 TL
Amount at Maturity: 1,036,196.72 TL
İş Bankası
Interest Rate: 42 percent
Net Earnings: 33,049.18 TL
Amount at Maturity: 1,033,049.18 TL
Garanti BBVA
Interest Rate: 46 percent
Net Earnings: 36,196.72 TL
Amount at Maturity: 1,036,196.72 TL
Halkbank
Interest Rate: 42 percent
Net Earnings: 33,049.18 TL
Amount at Maturity: 1,033,049.18 TL
QNB Finansbank
Interest Rate: 37.25 percent
Net Earnings: 29,311.48 TL
Amount at Maturity: 1,029,311.48 TL
ING Bank
Interest Rate: 52 percent
Net Earnings: 40,918.03 TL
Amount at Maturity: 1,040,918.03 TL