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.
Ziraat BankasiZiraat Bankasi16421888N/A
HSBC TurkeyHSBC Turkey3071990Foreign
Bank AsyaBank Asya2821996Local
Turkiye FinansTurkiye Finans2502005Foreign
Kuwait Turkish Participation BankKuwait Turkish Participation Bank2201989Foreign
Citibank TurkeyCitibank Turkey81975Foreign
Standard Chartered Bank TurkeyStandard Chartered Bank Turkey2003Foreign

Turkey Discussion Activity

  • Akbank
    Q:Hello, could you please provide me with answers to the following questions:1) Can I open a Time Deposit/Savings Account from Portugal. via the internet 2) Can I (an Portuguese citizen) open a Time Deposit account in your bank?3) If so, what are the requirements?4) Can the interest be withdrawn on monthly basis or can it only be withdrawn at the end of the 1 yr. 5) Can I have a time deposit in Euros and receave interests in Euros too?6) What is the current interest rate paid and the amount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.

    Victor from Portugal
  • Garanti
    Q: Can I open a deposit/savings account with £10,000 and how much interest would I get monthly on that? Also, could I transfer that money back to an English account any time I choose?

    Leigh from Turkey
  • HSBC Turkey
    Q: What are the current interset rates in turkey for deposit accounts?I have approx 153,500turkish lira to invest.

    Mary from Dublin, Ireland