Deposit interest rates updated: What is the monthly return on 1 million TL?

The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Türkiye (TCMB) convened under the chairmanship of Fatih Karahan. The Monetary Policy Committee decided yesterday to keep the policy rate, which is the one-week repo auction rate, unchanged at 50 percent. Following the decision, deposit interest rates were also updated.

The monthly return on 1 million TL is as follows:

ALTERNATİF BANK Interest Rate: 53%, Net Earnings: 42,863.39 TL, Maturity Amount: 1,042,863.39 TL.

TEB: Interest Rate: 52%, Net Earnings: 42,054.64 TL, Maturity Amount: 1,042,054.64 TL

ING: Interest Rate: 51%, Net Earnings: 41,245.9 TL, Maturity Amount: 1,041,245.9 TL

N KOLAY: Interest Rate: 49%, Net Earnings: 39,628.42 TL, Amount at Maturity: 1,039,628.42 TL

DENİZ BANK: Interest Rate: 48%, Net Earnings: 38,819.67 TL, Maturity Amount: 1,038,819.67 TL

GARANTI: Interest Rate: 47%, Net Earnings: 38,010.93 TL, Maturity Amount: 1,038,010.93 TL

ODEA: Interest Rate: 47%, Net Earnings: 38,010.93 TL, Maturity Amount: 1,038,010.93 TL

YAPIKREDİ: Interest Rate: 45.5%, Net Earnings: 36,797.81 TL, Maturity Amount: 1,036,797.81 TL

ENPARA: Interest Rate: 44%, Net Earnings: 35,584.7 TL, Amount at Maturity: 1,035,584.7 TL

İŞBANK: Interest Rate: 43%, Net Earnings: 34,775.96 TL, Maturity Amount: 1,034,775.96 TL

HSBC: Interest Rate: 52%, Net Earnings: 42,054.64 TL, Maturity Amount: 1,042,054.64 TL

VAKIF BANK: Interest Rate: 47%, Net Earnings: 38,010.93 TL, Maturity Amount: 1,038,010.93 TL

AKBANK: Interest Rate: 47%, Net Earnings: 38,010.93 TL, Maturity Amount: 1,038,010.93 TL

HALKBANK: Interest Rate: 42%, Net Earnings: 33,967.21 TL, Maturity Amount: 1,033,967.21 TL

QNB FİNANS: Interest Rate: 40.25%, Net Earnings: 32,551.91 TL, Maturity Amount: 1,032,551.91 TL