Attention those with money in the bank: TL deposit interest rates reach record levels
While the interest rate on consumer loans has exceeded 82 percent, the interest rate on TL deposit accounts has approached 60 percent.
According to the weekly money and banking statistics announced by the Central Bank of the Republic of Turkey (TCMB), the total deposits of the banking sector (including interbank) increased by 79 billion 320 million 228 thousand liras in the week ending March 22.
Thus, total deposits reached 16 trillion 14 billion 952 million 94 thousand liras.
While deposits increased, interest rates also hit a new record.
1-3 MONTH TL DEPOSIT INTEREST RATES APPROACHED 60 PERCENT
As reported by Bloomberg HT, the 1-3 month TL deposit interest rate rose from 55.7 percent to 59.5 percent.
Commercial loan interest rates reached 62.7 percent from 58.5 percent.
Consumer loan interest rates, which broke a record last week, reached 82.1 percent from 76 percent.
News Source: 12punto
Most Read
Galatasaray announces injury updates for Osimhen, Lemina, and Singo
Attention online sellers: Tax monitoring expanded
VAR for the Fenerbahçe-Beşiktaş derby has been announced!
Bridges and highways are being privatized: 15 July and FSM are also on the list
New details emerge in 'panel' operation targeting lawyers
Another bankruptcy in the construction sector
Peugeot September 2026 price list is out
First statement from Osimhen after injury in Başakşehir match
Detention warrants for 31 lawyers, searches at 39 offices
Özlem Şanver: 'He said he would change, I believed him; should I be beaten just because I didn't leave?'