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.
Bank Branch Founded Ownership
Ziraat Bankasi Ziraat Bankasi 1642 1888 N/A
Akbank Akbank 968 1948 Local
Garanti Garanti 921 1946 N/A
HSBC Turkey HSBC Turkey 307 1990 Foreign
Bank Asya Bank Asya 282 1996 Local
Turkiye Finans Turkiye Finans 250 2005 Foreign
Kuwait Turkish Participation Bank Kuwait Turkish Participation Bank 220 1989 Foreign
Citibank Turkey Citibank Turkey 8 1975 Foreign
Isbank Isbank 1,289 1924 Local
Standard Chartered Bank Turkey Standard Chartered Bank Turkey 2003 Foreign

Turkey Discussion Activity

  • Ziraat Bankasi - Deposits - Ziraat Bankasi 1 Month Time Deposit
    Q: If I put 400000 TRY IN Zeraat bank for 3 months how much interest I can get

    Ameen from Turkey
  • HSBC Turkey
    Q: Can I transfer £1000 From my HSBC account in England, to my HSBC account in turkey and exchange it into lira at the Turkish exchange rate

    Mark from United Kingdom
  • 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Portuguese citizen) open a Time Deposit account in your bank?3) If so, what are the requirements?4) Can the interest be withdrawn on monthly basis or can it only be withdrawn at the end of the 1 yr. 5) Can I have a time deposit in Euros and receave interests in Euros too?6) What is the current interest rate paid and the amount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