The gap between banks has widened: The 32-day net return on 1 million TL has been determined

For 32-day time deposit accounts, the net earnings for 1 million TL vary between 21,000 TL and 29,437 TL depending on the bank.

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The gap between banks has widened: The 32-day net return on 1 million TL has been determined

Time deposit accounts have once again come to the fore for savers looking to protect their savings against inflation. According to the current rates offered by banks for a principal of 1 million TL and a 32-day maturity, a significant difference has emerged between net returns.

100 TL banknotes being counted by hand and a keyboard image. — The 32-day return on 1 million TL in time deposits varies by bank.

In the calculations, the highest net earnings were seen at Hayat Finans with 29,437 TL, while Türk Ticaret Bankası ranked second with 29,088 TL. At the lower end of the list, a net return of 21,179 TL was calculated for Ziraat Katılım and 21,816 TL for Ziraat Dinamik.

Close-up image of a person counting Turkish lira banknotes. — Maturity, rates, and deductions are decisive in deposit return calculations.

Turkish lira banknotes of different denominations held in hand. — The rate difference between banks is also reflected in the balances at the end of the maturity period.

GROSS RATE ALONE IS NOT ENOUGH

The gross interest or profit share rate announced for time deposits does not solely show the net amount the saver will receive at the end of the maturity period. Withholding tax, product conditions, lower limits where interest does not accrue in daily accounts, and campaign details can change the final earnings.

Hands counting 100 TL banknotes next to a calculator on a table. — In net earnings calculations, product conditions are taken into account alongside gross rates.

For this reason, when making an investment choice, one should look not only at the percentage rate but also at the net earnings that will be credited to the account at the end of the maturity. In some products, rates that appear high can turn into lower net returns due to mandatory demand deposit balances or different practices.

Close-up image of Turkish lira banknotes and coins. — Legal deductions on deposit interest are one of the fundamental items in calculating net returns.

Hand image over Turkish lira banknotes. — The amounts calculated for a 32-day maturity represent net figures after withholding tax.

Close-up image of Turkish lira banknotes of different denominations. — A net return difference can occur between standard time deposit accounts and daily time deposit products.

Close-up image of 200 TL banknotes in bundles. — Comparing net earnings is important for savers.

32-DAY RETURN TABLE FOR 1 MILLION TL

According to the current calculation, the net earnings and end-of-maturity balance for 1 million TL over a 32-day maturity by bank are as follows:

Image of a table with a calculator, coins, and 100 TL banknotes. — The comparison was made based on a 1 million TL principal and a 32-day maturity.

The amounts show the net returns calculated for a 1 million TL principal and a 32-day maturity.
Bank / Product	Rate	Net Earnings	End-of-Maturity Balance
Ziraat Katılım	36 percent profit share	21,179 TL	1,021,179 TL
Ziraat Dinamik	44 percent interest	21,816 TL	1,021,816 TL
TEB	40.5 percent interest	25,255 TL	1,025,255 TL
Yapı Kredi	40 percent interest	25,819 TL	1,025,819 TL
Fibabanka	43 percent interest	26,048 TL	1,026,048 TL
Alternatif Bank	42 percent interest	26,278 TL	1,026,278 TL
İş Bankası	36.5 percent interest	26,400 TL	1,026,400 TL
Enpara	36.75 percent interest	26,580 TL	1,026,580 TL
ON Dijital	37 percent interest	26,761 TL	1,026,761 TL
Ziraat Bankası	37 percent interest	26,761 TL	1,026,761 TL
ING	43 percent interest	26,838 TL	1,026,838 TL
Anadolubank	43 percent interest	26,838 TL	1,026,838 TL
QNB	37.5 percent interest	27,123 TL	1,027,123 TL
Odea	37.5 percent interest	27,123 TL	1,027,123 TL
TOM Bank	44 percent profit share	27,472 TL	1,027,472 TL
DenizBank	38 percent interest	27,484 TL	1,027,484 TL
GetirFinans	38 percent interest	27,484 TL	1,027,484 TL
Akbank	38 percent interest	27,484 TL	1,027,484 TL
Şekerbank	38.5 percent interest	27,846 TL	1,027,846 TL
Vakıf Katılım	38.5 percent profit share	28,225 TL	1,028,225 TL
N Kolay	38 percent interest	28,317 TL	1,028,317 TL
Türk Ticaret Bankası	44 percent interest	29,088 TL	1,029,088 TL
Hayat Finans	40.7 percent profit share	29,437 TL	1,029,437 TL

Exterior sign of a Ziraat Katılım branch. — The 32-day net earnings for Ziraat Katılım were calculated as 21,179 TL.

The 32-day net return on 1 million TL at Ziraat Dinamik was 21,816 TL.

Exterior view of a TEB branch. — The net earnings at TEB at the end of the 32-day maturity were calculated as 25,255 TL.

Close-up view of a Yapı Kredi sign. — The end-of-maturity balance for 1 million TL at Yapı Kredi was 1,025,819 TL.

Building facade with a Fibabanka sign. — The 32-day net return at Fibabanka was calculated at the 26,048 TL level.

Exterior view of an Alternatif Bank branch. — The 32-day net return on 1 million TL at Alternatif Bank was listed as 26,278 TL.

Close-up view of a Türkiye İş Bankası sign. — The 32-day end-of-maturity balance at İş Bankası was 1,026,400 TL.

The 32-day net earnings at Enpara were calculated as 26,580 TL.

The net earnings for 1 million TL at ON Dijital were at the 26,761 TL level.

Red exterior sign of a Ziraat Bankası branch. — The 32-day net return at Ziraat Bankası was calculated as 26,761 TL.

Close-up view of an ING Bank sign. — The 32-day net return on 1 million TL at ING was 26,838 TL.

Exterior view of an Anadolubank branch. — The end-of-maturity balance at Anadolubank was calculated as 1,026,838 TL.

Close-up view of a QNB Finansbank sign. — The 32-day net earnings at QNB were listed as 27,123 TL.

Building facade with an Odeabank sign. — The 32-day net earnings for 1 million TL at Odea were 27,123 TL.

The 32-day net return at TOM Bank was calculated as 27,472 TL.

Exterior sign of a DenizBank branch. — The 32-day net return on 1 million TL at DenizBank was 27,484 TL.

The 32-day net earnings at GetirFinans were calculated at the 27,484 TL level.

Close-up view of an Akbank sign. — The net earnings at the end of the 32-day maturity at Akbank were listed as 27,484 TL.

Exterior view of a Şekerbank branch. — The 32-day net return for 1 million TL at Şekerbank was 27,846 TL.

Branch facade with a Vakıf Katılım sign. — The 32-day net earnings at Vakıf Katılım were calculated as 28,225 TL.

The end-of-maturity balance at N Kolay was listed as 1,028,317 TL.

The net earnings at Türk Ticaret Bankası exceeded the 29,000 TL threshold with 29,088 TL.

Hayat Finans ranked first on the list with 29,437 TL in net earnings.

DIGITAL CHANNEL ADVANTAGE STANDS OUT

Campaigns offered by banks for time deposit accounts opened through mobile and internet banking channels can also affect returns. For this reason, different rates can be encountered for accounts opened at the same bank via a branch, mobile application, or internet banking.

Image of Turkish lira banknotes changing hands at a bank counter. — Some banks may offer different rates for accounts opened through digital channels.

Hands counting Turkish lira banknotes in a drawer. — Savers should check withholding tax and campaign conditions in addition to the rates.

Experts point out that before opening a deposit account, current rates, maturity conditions, withholding tax application, and campaign terms should be examined together. Rates and net returns can change according to the current practices of the banks.