The deposit-interest picture changes: How much can 1 million lira earn each month?
Translated from Turkish and summarized by DistantNews. Read the original for the full story.
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- Turkish banks have updated their returns on fixed-term deposits as savers seek protection against inflation.
- The net return on a 1 million lira deposit over 32 days is nearing 30,000 lira.
- Tรผrkiye Finans, Tรผrk Ticaret Bankasฤฑ, Hayat Finans, Anadolubank and QNB are among the institutions whose latest returns are listed.
The figures for fixed-term deposits in Turkey have changed again, with savers looking to protect their money against inflation.
A 1 million lira deposit held for 32 days can now generate a net return approaching 30,000 lira. The final amount differs considerably from one bank to another.
The latest returns listed in the financial market data include those offered by Tรผrkiye Finans, Tรผrk Ticaret Bankasฤฑ, Hayat Finans, Anadolubank and QNB.
About this summary
Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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