Interest rates updated: Here is the return on 1 million liras

Many people who want to invest their money in Turkish Lira deposits are closely following current interest rates.

Deposit interest rates became the investment vehicle that provided the highest returns compared to the stock market, gold, and foreign currency this past June.

In particular, providing returns above inflation has caused deposit interest rates to become attractive for investors.

While many investment vehicles experienced volatility in June, deposit interest rates offered a stable return, which attracted the interest of investors.

So, what is the monthly interest return on 1 million TL? Here are the details…

INTEREST RETURN ON 1 MILLION TL

TEB: With an interest rate of 53 percent, 1 million TL provides an annual return of approximately 42,863 TL.

ING and Fibabanka: An interest rate of 52 percent provides an annual return of approximately 42,054 TL on 1 million TL.

Nkolay and ON: With a 49 percent interest rate, it provides an annual return of approximately 39,628 TL on 1 million TL.

Denizbank, Garanti BBVA and ODEA: With a 48 percent interest rate, 1 million TL provides an annual return of approximately 38,819 TL.

Yapı Kredi: With an interest rate of 46.5 percent, 1 million TL provides an annual return of approximately 37,606 TL.

İş Bankası: With a 44 percent interest rate, 1 million TL provides an annual return of approximately 35,584 TL.