Deposit interest rates updated with the new year: How much is the monthly income on 1 million TL?

The 150 basis point interest rate cut implemented by the Central Bank of the Republic of Turkey (TCMB) in December led to changes in banks' deposit products. Following the reduction of the policy rate from 39.5 percent to 38 percent, deposit holders began to turn to the new rates offered by banks.

Especially for those who want to evaluate their large savings in the short term, the monthly return of 1 million TL has been scrutinized with the new rates.

Following the TCMB decision, banks have updated their interest rates applied to time deposit accounts downwards. The return on evaluating a high amount of savings such as 1 million TL in the short term varies with the new table. Experts recommend that while determining deposit preferences, both current rates and the Central Bank's possible steps in the coming period should be taken into account.

These updates in interest rates shape the strategies of those who want to make short-term investments in particular. According to the interest rates offered by banks for different maturities, various differences stand out in the return of 1 million TL at the end of 32 days. While savers prefer deposit accounts instead of taking risks, they closely follow the level of current interest rates and possible changes in the coming weeks.

Here are the current interest rates and estimated net earnings tables offered by banks for 1 million TL time deposit accounts as of January 2, 2026:

Hayat Finans

Interest Rate: 29.53 percent

Net Earnings: 21 thousand 581 TL

Maturity End: 1 million 21 thousand 581 TL

GetirFinans

Interest Rate: 43 percent

Net Earnings: 26 thousand 144 TL

Maturity End: 1 million 26 thousand 144 TL

Odea Bank

Interest Rate: 45 percent

Net Earnings: 26 thousand 532 TL

Maturity End: 1 million 26 thousand 532 TL

Yapı Kredi

Interest Rate: 44 percent

Net Earnings: 28 thousand 442 TL

Maturity End: 1 million 28 thousand 442 TL

ON Dijital Bankacılık

Interest Rate: 43 percent

Net Earnings: 31 thousand 574 TL

Maturity End: 1 million 31 thousand 574 TL

Fibabanka

Interest Rate: 44 percent

Net Earnings: 32 thousand 320 TL

Maturity End: 1 million 32 thousand 320 TL

TEB

Interest Rate: 44 percent

Net Earnings: 32 thousand 320 TL

Maturity End: 1 million 32 thousand 320 TL

CEPTETEB

Interest Rate: 44 percent

Net Earnings: 32 thousand 320 TL

Maturity End: 1 million 32 thousand 320 TL

HSBC

Interest Rate: 44 percent

Net Earnings: 32 thousand 320 TL

Maturity End: 1 million 32 thousand 320 TL

ING Bank

Interest Rate: 44 percent

Net Earnings: 32 thousand 320 TL

Maturity End: 1 million 32 thousand 320 TL

It is stated that the course of interest rates on deposits will be determined by the new steps in the Central Bank's monetary policy. Whether banks will update deposit interest rates again according to new policy decisions will become clear in the coming period.

What is important for savers is to closely examine current rates in their investment preferences and evaluate the alternatives offered by banks. With the expectation that competition in deposits will continue, investors continue to monitor the reflections of both interest rates and economic developments on the market.