Interest rates fell after the Central Bank decision! How much is the return on 500 thousand TL?

The Central Bank announced its first interest rate decision of the year last week. The Monetary Policy Committee of the Central Bank of the Republic of Turkey lowered the policy rate, which is the one-week repo auction rate, by 250 basis points to 45 percent. Following this decision, banks updated their deposit interest rates. As deposit interest rates fell below 50 percent, there were corresponding changes in monthly returns. Here are the current deposit interest rates of banks and the details of monthly return calculations bank by bank...

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Interest rates fell after the Central Bank decision! How much is the return on 500 thousand TL?

The Central Bank has announced its first interest rate decision of the year. The Central Bank of the Republic of Turkey (TCMB) Monetary Policy Committee (PPK) lowered the policy rate to 45 percent at its first meeting. Following this decision, there was activity in bank deposits, one of the popular investment vehicles. Deposit interest rates, which were hovering around 50 percent last week, began to decline with the decision taken. While some banks revised the interest rates they offer for 32-day deposits, savers also began calculating their monthly earnings with the new interest rates. Here are the current deposit interest rates for 2025 and the details...

The Central Bank, which made a surprise 250 basis point interest rate cut in December, made another cut of the same amount last week. As a result, the policy rate has fallen by a total of 500 basis points in the last two months to 45 percent.

INTEREST RATES ARE BELOW 50 PERCENT

Before the Central Bank's interest rate cut decision last Thursday, deposit interest rates at banks were at the 50 percent level. However, following this decision, there was a decline in deposit interest rates.

JANUARY 2025 DEPOSIT INTEREST RATES

Time deposits allow you to evaluate your savings with a fixed interest rate for a specified period. In this system, the earnings you will obtain are determined in advance and are not affected by changes in interest rates until the end of the maturity period.

Those who want to evaluate their savings in banks are curious about the current deposit interest rates of banks. So, which bank offers what interest rate? Here are the banks' deposit interest rates and 32-day earnings calculations for 500 thousand TL...