Interest income surpasses minimum wage: Here is the latest on deposit interest rates...

Due to the economic crisis, interest rates kept high to prevent the loss of value in the TL have caused banks to enter a competition for deposits.

The interest return on 1 million liras corresponds to an amount higher than the minimum wage.

Here are the bank interest rates:

HSBC – Modern Account

Interest Rate: 49%

32-Day Net Return: 36,515.07 TL

Amount at Maturity: 1,036,515.07 TL

DenizBank – Captain Account

Interest Rate: 49%

32-Day Net Return: 36,515.07 TL

Amount at Maturity: 1,036,515.07 TL

QNB Finansbank – Profitable Daily Account

Interest Rate: 48.5%

32-Day Net Return: 36,142.47 TL

Amount at Maturity: 1,036,142.47 TL

Akbank – Term TL Account

Interest Rate: 47.5%

32-Day Net Return: 35,397.26 TL

Amount at Maturity: 1,035,397.26 TL

ING – Orange Account

Interest Rate: 47%

32-Day Net Return: 35,024.66 TL

Amount at Maturity: 1,035,024.66 TL

TEB

Interest Rate: 48.5%

Amount at Maturity: 1,036,142 TL

Net Gain: 36,142 TL

FİBABANKA

Interest Rate: 49%

Amount at Maturity: 1,036,515 TL

Net Gain: 36,515 TL

GARANTİ BBVA

Interest Rate: 47%

Amount at Maturity: 1,035,025 TL

Net Gain: 35,025 TL