Competition for deposit interest rates among banks accelerates! Here is the monthly return on 250,000 TL

Ahead of the interest rate decision to be announced by the Central Bank of the Republic of Türkiye (TCMB) on July 24, the competition for deposit interest rates among banks is drawing attention. The decision to be made by the TCMB in July, which kept the policy rate steady at 46 percent in June, could reshape deposit interest rates. During this process, those who want to invest in the Turkish Lira are closely following the highest interest rates offered by banks.

For investors who want to evaluate their 250,000 TL savings in 32-day term accounts, the interest rates and returns offered by banks are as follows:

TÜRKİYE İŞ BANKASI: 6,871 TL net gain with a 38% interest rate and a total amount of 256,871 TL at the end of the term.

ZİRAAT BANKASI (Advantageous Term Account): 7,052 TL net gain with a 39% interest rate and a total amount of 257,052 TL at the end of the term.

YAPI KREDİ: 7,504 TL net gain with a 41.50% interest rate and a total amount of 257,504 TL at the end of the term.

GARANTİ BBVA: 8,408 TL net gain with a 46.50% interest rate and a total amount of 258,408 TL at the end of the term.

AKBANK: 8,589 TL net gain with a 47.50% interest rate and a total amount of 258,589 TL at the end of the term.

HSBC: 8,860 TL net gain with a 49% interest rate and a total amount of 258,860 TL at the end of the term.

DENİZBANK (Captain Account – New Customer): 9,041 TL net gain with a 50% interest rate and a total amount of 259,041 TL at the end of the term.

ALTERNATİFBANK (VOV Account – Daily Term): 8,160 TL net gain with a 52% interest rate and a total amount of 258,160 TL at the end of the term.

Investors are advised to be cautious against possible changes in rates following the TCMB's interest rate decision on July 24.

• This news does not constitute investment advice.

News Source: 12punto