The expectation of a decline in interest rates has increased interest in short-term low-yield accounts.

The expectation of a decline in interest rates has increased interest in short-term low-yield accounts.

10.02.2025 12:20

The balances in deposit interest rates have started to change. Expectations of falling interest rates have made accounts with low balances more valuable.

After the Central Bank's interest rate cut, the downward trend in deposits continued. Expectations that interest rates would fall made low balances more valuable. Banks began to offer higher interest rates on short-term low balances.

HIGHER INTEREST FOR LOWER MONEY

According to a report in Türkiye Gazetesi, while banks offer high rates for low-value deposits, they propose lower rates for high-value deposits. Throughout 2024, higher interest rates were given to high-value investors. The difference applied to low and high deposits had at one point reached up to 10 points.

Interest rates for long-term high balances are below 40%. Central Bank President Fatih Karahan stated that they have not put their interest rate policy on autopilot and that they will adopt a data-driven approach.

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