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Interest Rate on Bank Deposits (Local Currency) in Turkey

Source: Central Bank of the Republic of Turkey, BRSA, The Banks Association of Turkey
Last Updated: July 24, 2023

Interest rate on bank deposits reached 15.0% in third quarter of 2015 in Turkey, according to the National Central Bank. This is 9.76% more than in the previous quarter.

Historically, interest rate on bank deposits in Turkey reached an all time high of 128% in 2Q1994 and an all time low of 12.1% in 1Q2011.

Turkey has been ranked 5th within the group of 102 countries we follow in terms of interest rate on bank deposits.

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