32-day deposit return for 1 million TL updated: Highest net gain at ING

The net returns offered by banks on 32-day term deposit products have come to the fore once again. According to calculations made for 1 million TL in savings, the earnings to be obtained at the end of the term vary from bank to bank.

The highest net gain on the list was seen at ING with 33 thousand 66 TL. According to this calculation, the total balance of a 1 million TL deposit reaches 1 million 33 thousand 66 TL at the end of 32 days.

Experts state that making a decision by looking only at the announced interest rate can be misleading. In some campaigns, amounts that must be kept in a demand deposit account or additional conditions can pull the final net return down. For this reason, it is recommended that investors take the net gain at the end of the term into account when making a decision.

While competition continues on the deposit side, it is emphasized that interest rates that appear high do not always mean the highest earnings. Campaign conditions, withholding taxes, and amounts required to be kept in the account can be decisive in the net return.

News Source: 12punto