The highest interest rates on deposits are in Turkey. February 2024.

The highest interest rates on deposits are in Turkey. February 2024.

As of February 2024, the Central Bank of Turkey increased the interest rate on deposits from 42.5 to 45%. This increase makes it possible to receive significant profits through short-term investments.

What are the interest rates and which bank offers the highest interest rate on deposits? Let's look at several popular banks with interest rate calculations for 32 days:

1. ING Bank (45%)

Investment: 1,000,000 TL After 32 days: 1,037,479 TL Profit: 37,479 TL

2. Deniz Bank (46%)

Investment: 1,000,000 TL After 32 days: 1,038,312 TL Profit: 38,312 TL

3. Garanti Bank (42%)

Investment: 1,000,000 TL After 32 days: 1,034,980 TL Profit: 34,980 TL

4. AKBANK (47%)

Investment: 1,000,000 TL After 32 days: 1,039,145 TL Profit: 39,145 TL

5. Vakıf Bank (43%)

Investment: 1,000,000 TL After 32 days: 1,035,813 TL Profit: 35,813 TL

As a result, these changes in deposit interest rates in Turkey mark the beginning of a new era for investors and the banking sector. These events are among the main factors determining the dynamics and behavior of investors in the Turkish financial markets.