05.08.2025 21:49
After the Central Bank's 300 basis point interest rate cut, banks' 32-day deposit interest rates began to decline. Rates, which reached up to 47% last week, have decreased to around 45.50% this week. The highest net return on 1 million TL was 32,909 TL.
After the Central Bank of the Republic of Turkey (CBRT) reduced the policy interest rate by 300 basis points in July, lowering it from 50% to 47%, the downward movement in deposit interest rates at banks accelerated. The 32-day deposit interest rates, which rose to around 47% last week, have decreased to around 45.50% as of this week.
The fact that inflation remains below expectations is another factor supporting the decline in interest rates, and experts suggest that this trend may continue for a while.
As of August 5, the highest 32-day deposit interest rates of banks are:
- QNB Finansbank, Denizbank: %45.50
- Akbank: %45.00
- Garanti BBVA: %44.50
- Alternatif Bank: %44.00
- Fibabanka, ING: %43.00
- Odea Bank: %42.50
- Ziraat Bankası, TEB: %41.00
- Yapı Kredi: %40.00
- İş Bankası: %37.00
WHAT IS THE NET RETURN OF 1 MILLION TL FOR 32 DAYS?
Despite the decline in interest rates, significant gains in short-term deposits continue to be a reality. Here are the 32-day returns of some banks:
QNB Finansbank / Denizbank (%45.50):
- Net gain: 32,909.59 TL
- Maturity amount: 1,032,909.59 TL
Garanti BBVA (%44.50):
- Net gain: 32,186.30 TL
- Maturity amount: 1,032,186.30 TL