Central Bank cuts interest rates: How much is the interest return on a 1 million TL deposit?
Following the Central Bank's interest rate cut decision, investors are curious about the returns and interest rates that can be obtained with a 1 million TL deposit. The Central Bank of the Republic of Turkey (TCMB) has lowered its policy rate by 250 basis points to 47.5 percent after 22 months. Investors are also researching how bank deposit interest rates have changed.
The Central Bank of the Republic of Turkey (TCMB) lowered its policy rate from 50 percent to 47.5 percent by cutting it by 250 basis points at today's Monetary Policy Committee (PPK) meeting.
The policy rate had been held at 50 percent for the last 8 interest rate decision meetings.
Following the first interest rate cut in 22 months, there is curiosity regarding whether there have been any changes in bank deposit interest rates.
The 32-day deposit interest return for 1 million TL and the banks' interest rates are as follows:
Akbank
Interest Rate: 50.00%
Net Return: 39,452 TL
Amount at Maturity: 1,039,452 TL
Odea
Interest Rate: 53.00%
Net Return: 41,819 TL
Amount at Maturity: 1,041,819 TL
ON Dijital
Interest Rate: 49.00%
Net Return: 38,663 TL
Amount at Maturity: 1,038,663 TL
CEPTETEB
Interest Rate: 53.00%
Net Return: 41,819 TL
Amount at Maturity: 1,041,819 TL
Fibabanka
Interest Rate: 53.00%
Net Return: 41,819 TL
Amount at Maturity: 1,041,819 TL
getirfinans
Interest Rate: 50.00%
Net Return: 39,452 TL
Amount at Maturity: 1,039,452 TL
Enpara.com
Interest Rate: 49.00%
Net Return: 38,663 TL
Amount at Maturity: 1,038,663 TL
ON Dijital
Interest Rate: 49.00%
Net Return: 38,663 TL
Amount at Maturity: 1,038,663 TL
Garanti BBVA
Interest Rate: 47.50%
Net Return: 37,479 TL
Amount at Maturity: 1,037,479 TL
N Kolay
Interest Rate: 48.00%
Net Return: 37,874 TL
Amount at Maturity: 1,037,874 TL
Alternatif Bank
Interest Rate: 53.00%
Net Return: 41,819 TL
Amount at Maturity: 1,041,819 TL
Türkiye Finans
Profit Share: 52.00%
Net Return: 41,030 TL
Amount at Maturity: 1,041,030 TL
ING
Interest Rate: 52.00%
Net Return: 41,030 TL
Amount at Maturity: 1,041,030 TL
DenizBank
Interest Rate: 50.00%
Net Return: 39,452 TL
Amount at Maturity: 1,039,452 TL
QNB
Interest Rate: 48.50%
Net Return: 38,268 TL
Amount at Maturity: 1,038,268 TL
Yapı Kredi
Interest Rate: 46.00%
Net Return: 36,296 TL
Amount at Maturity: 1,036,296 TL
News Source : 12punto
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