25.07.2025 11:32
The Central Bank lowered the policy interest rate by 300 basis points to 43%. Following the decision, deposit interest rates at banks decreased to as low as 49%, while the return on 1 million TL over 32 days amounted to 35,441 TL.
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The Central Bank lowered the policy interest rate by 300 basis points to 43.00%. While the market expected a reduction of 250-300 basis points, the decision was at the upper end of expectations.
DECREASE IN DEPOSIT INTEREST RATES
After the interest rate cut, new decreases in deposit interest rates were observed in banks.
The current highest rates are as follows:
- Odea Bank: 49.00%
- ING Bank: 49.00%
- TEB: 49.00%
- HSBC: 49.00%
- QNB: 48.00%
- Denizbank: 47.25%
- Akbank: 46.50%
- Garanti BBVA: 45.50%
- Ziraat Bankası: 44.00%
RETURN ON 1 MILLION TL FOR 32 DAYS
Considering the highest interest rate of 49.00%, the return on 1 million TL for a 32-day term is calculated to be 35,441 TL.
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