Business · Economy · 13 hrs ago
Turkey’s short-term lira deposit rate falls to 36.4%
Turkey’s central bank said the average rate on one- to three-month lira deposits fell to 36.4% in the week of Oct.
9.
The average commercial loan rate was 39%, excluding overdrafts and commercial credit cards.
The deposit rate has been on a downward trend since 2025, after standing between 45% and 48% early that year.
The figures matter to savers because banks offer different returns on deposits even as the average rate falls.
For a 1 million lira deposit over 32 days, the listed net earnings ranged from about 21,816 to 29,984 lira.
Türkiye Finans had the highest listed return, while a Ziraat Dinamik account had the lowest.
The central bank also said its weighted average funding cost fell to 37% in the same week.
The average simple interest rate on Turkish lira deposits with terms of one to three months fell to 36.4% in the week of October 9.
The average commercial loan rate was about 39%, excluding overdraft accounts and commercial credit cards.
The Central Bank of the Republic of Türkiye reported that the declines in deposit and commercial loan rates continued that week.
The central bank’s weighted average funding cost also fell to about 37%.
The article said deposit rates had followed a downward trend since 2025.
- Who
- The Central Bank of the Republic of Türkiye reported the figures.
- What
- The average simple rate on one- to three-month Turkish lira deposits fell to 36.4%.
- When
- In the week of October 9, 2026.
- Where
- Turkey.
- Why
- The sources do not state why the rate fell.
This story does not have two clearly opposing sides.
Deposit interest rates were in the 45%–48% range.
The average rate on one- to three-month Turkish lira deposits fell to 36.4%.
- Deposit rate
- 36.4%
- Reporting period
- Week of October 9, 2026
- Deposit term
- One to three months
- Commercial loan rate
- About 39%
- Weighted average funding cost
- About 37%