Turkey Interest Rates

Turkey is located between the continents of Europe and Asia. The Turkish economy ranks 16th in the world with a GDP PPP of $880 billion (USD) according to the IMF in 2009. A bank deposit that is held for a fixed term is called a time deposit in Turkey. According to CIA.gov its inflation was 10.4% in 2008 and 6.3% in 2009.

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Turkey Bank Interest Rates

Showing rates for 12 Bank deposit providers in Turkey.
BankBranchFoundedOwnership
Ziraat Bankasi16421888N/A
Akbank9681948Local
Garanti9211946N/A
HSBC Turkey3071990Foreign
Bank Asya2821996Local
Turkiye Finans2502005Foreign
Kuwait Turkish Participation Bank2201989Foreign
Citibank Turkey81975Foreign
Isbank1,2891924Local
Standard Chartered Bank Turkey2003Foreign

Turkey Discussion Activity

  • Ziraat Bankasi - Deposits
    Q: Hello, could you please provide me with answers to the following questions:1) Can I open a Time Deposit/Savings Account from U.S. via the internet2) Can I (an American) open a Time Deposit account in your bank?3) If so, what are the requirements?4) Can the interest be withdrawn on monthly basis or can it only be withdrawn at the end of the 1 yr5) Can I have a beneficiary to the account whom resides in Istanbul and could withdraw the interest from the account?6) what is the current interest rate paid and the amount required to open a Time Deposit(Savings) account?Thank you for you help in advance.Al D.

    Al D from Clayton, United States
  • Ziraat Bankasi - Deposits
    Q: Hi, I need to know what is the interest rates on the Turkish Lira yearly. Whether if the interest rate can be paid monthly. Kindly send the calculation in an estimated amount. Moreover would depositing money in urban bank offers me the chance to apply for residency?

    Salim from Lebanon
  • Isbank
    Q: I have an account with you in Dalyan , I am lloking for better interest rates for the Uk for up to £100000 GBP which needs to be accessible and able to transfer back to the uk although is likely to be there for longer than a year , I will be in Dalyan again in May . What savings products can you offer please

    John B from Corbridge, United Kingdom