Interest Rate on Bank Deposits (Local Currency) in Turkey

Interest rate on bank deposits reached 20.7% in 2021 in Turkey, according to the National Central Bank. This is 55.0% more than in the previous year.

Historically, interest rate on bank deposits in Turkey reached an all time high of 87.8% in 1994 and an all time low of 6.00% in 1978.

Turkey has been ranked 2nd within the group of 96 countries we follow in terms of interest rate on bank deposits.