What is the monthly return on 1 million lira after the Central Bank's interest rate decision? Here are the interest rates by bank

Following the latest interest rate decision by the Central Bank of the Republic of Turkey (CBRT), banks have updated their interest rates for 32-day term deposit accounts.

Investors have begun researching the earnings that 1 million lira will generate at the end of a 32-day term.

WHAT ARE THE INTEREST RATES FOR EACH BANK?

The return rates for term deposit accounts, which are an important source of income for investors, vary between banks.

Here are the current interest rates and the net earnings that 1 million lira will provide over a 32-day term:

Akbank

Interest Rate: 48 percent

Net Earnings: 37,770.49 TL

Amount at Maturity: 1,037,770.49 TL

Yapı Kredi

Interest Rate: 46 percent

Net Earnings: 36,196.72 TL

Amount at Maturity: 1,036,196.72 TL

İş Bankası

Interest Rate: 42 percent

Net Earnings: 33,049.18 TL

Amount at Maturity: 1,033,049.18 TL

Garanti BBVA

Interest Rate: 46 percent

Net Earnings: 36,196.72 TL

Amount at Maturity: 1,036,196.72 TL

Halkbank

Interest Rate: 42 percent

Net Earnings: 33,049.18 TL

Amount at Maturity: 1,033,049.18 TL

QNB Finansbank

Interest Rate: 37.25 percent

Net Earnings: 29,311.48 TL

Amount at Maturity: 1,029,311.48 TL

ING Bank

Interest Rate: 52 percent

Net Earnings: 40,918.03 TL

Amount at Maturity: 1,040,918.03 TL