27.02.2026 15:23
After the interest rate cut by the Central Bank of the Republic of Turkey, deposit interest rates decreased, falling to a maximum of 39.50%; the net return on 1 million TL for 32 days was calculated to be 28,560 TL.
The decline in deposit interest rates, which are among the first choices of investors who do not like risk, continues. Rates, which peaked at 55% in January last year, have entered a downward trend with the policies implemented by the Central Bank and the economic management. According to the news compiled by Türkiye newspaper; the decrease in inflation and the cuts in the policy interest rate have brought an end to the 50s levels in deposit interest rates.
TCMB CONTINUED TO CUT INTEREST RATES
The Central Bank of the Republic of Turkey (TCMB) reduced the policy interest rate to 37% by making a 100 basis point cut in its first meeting of 2026. Deposit interest rates, which started the year in the range of 42.00-42.50%, also moved downward during this process.
BANKS LOWERED RATES
Following TCMB's move, banks also reduced deposit rates. The highest rate offered without the condition of "keeping money in a demand account" was 40.25% last week. As of February 27, 2026, the highest deposit rate has decreased to 39.50%. Thus, the 40% level in deposits has also come to an end.
HIGHEST DEPOSIT RATES
As of February 27, 2026, the highest deposit rates offered by banks are as follows:
- Denizbank: %39.50
- QNB: %39.25
- ON Dijital: %39.25
- Akbank: %39.00
- Vakıfbank: %39.00
- Yapı Kredi: %39.00
- OdeaBank: %39.00
- Alternatif Bank: %39.00
- Fibabanka: %38.50
- Getir Finans: %37.00
- ING Bank: %36.50
- TEB: %36.50
32-DAY RETURN OF 1 MILLION TL
When calculated based on the highest rate of 39.50%, the net return of 1 million TL for 32 days is 28,560 TL. Eyes in the markets are now turned to the February inflation data and the TCMB meeting to be held on March 12. The announced data will be decisive in the course of deposit interest rates.