# Turkey Deposit Rates: Average Bank Deposit Interest Rates

The weighted average rates banks pay on new deposits, by maturity and currency, from the central bank's weekly data. They are market averages, not the offer of a single bank. In the week to 16 October 2026, banks paid a weighted average of 42.88% on new Turkish lira deposits: 42.74% up to 1 month, 43.22% up to 3 months and 41.22% up to 1 year. US dollar deposits averaged 2.79% and euro deposits 1.64%.

| Fact | Value |
|---|---|
| TL deposits (average) | 42.88% (week to 16 October 2026) |
| TL, up to 3 months | 43.22% (week to 16 October 2026) |
| USD deposits (average) | 2.79% (week to 16 October 2026) |
| Read | Read from EVDS: Oct 27, 2026, 16:00 |

Deposit interest calculator: Enter an amount and a term; the calculator uses the TL average rate of the week to 16 October 2026 for the gross interest. Withholding tax is not deducted; your bank's rate can differ.

## Deposit rates by term (week to 16 October 2026)

| Term | TL | USD | EUR |
|---|---|---|---|
| Up to 1 month | 42.74% | 2.83% | 1.43% |
| Up to 3 months | 43.22% | 2.73% | 2.11% |
| Up to 6 months | 42.53% | 1.22% | 0.65% |
| Up to 1 year | 41.22% | 1.54% | 0.46% |
| 1 year and longer | 38.32% | 0.97% | 0.35% |
| Total (average) | 42.88% | 2.79% | 1.64% |

## Last 12 weeks

| Week to | TL average | TL up to 1 month | TL up to 3 months | USD average |
|---|---|---|---|---|
| 16 October 2026 | 42.88% | 42.74% | 43.22% | 2.79% |
| 9 October 2026 | 42.94% | 42.88% | 43.20% | 2.80% |
| 2 October 2026 | 43.30% | 43.11% | 43.79% | 2.93% |
| 25 September 2026 | 43.35% | 43.20% | 43.77% | 2.73% |
| 18 September 2026 | 43.56% | 43.37% | 44.02% | 2.75% |
| 11 September 2026 | 43.90% | 43.92% | 43.90% | 2.72% |
| 4 September 2026 | 44.37% | 44.48% | 44.37% | 2.80% |
| 28 August 2026 | 44.76% | 44.81% | 44.79% | 2.75% |
| 21 August 2026 | 46.42% | 46.13% | 47.14% | 2.66% |
| 14 August 2026 | 46.46% | 46.04% | 47.40% | 2.50% |
| 7 August 2026 | 46.64% | 46.19% | 47.91% | 2.72% |
| 31 July 2026 | 46.65% | 46.25% | 47.70% | 2.68% |

## What the figures show

- The central bank publishes the amount-weighted average of the rates banks paid on deposits opened each week ("flow" data). The week date is the last day of the week.
- Rates are annual and are averages across banks; they do not show the offer of a single bank.
- The calculator finds the gross return as amount × annual rate × days ÷ 365; withholding tax and other deductions are not included.

## Frequently asked questions

### What are deposit rates in Türkiye now?

By central bank data, new TL deposits in the week to 16 October 2026 paid a weighted average of 42.88%; up to 3 months 43.22%.

### How is deposit interest calculated?

The gross interest is the amount times the annual rate times the number of days, divided by 365. Withholding tax is deducted from it for the net return.

### Are these the rates banks offer?

No. They are the amount-weighted averages of deposits opened that week, compiled by the central bank. A bank's campaign or customer rate can differ.

### How do deposit rates relate to the policy rate?

The policy rate sets the funding cost of banks, so its changes pass to deposit rates over time.

This page gives general information and is not investment advice.

Source: Central Bank of the Republic of Türkiye, Electronic Data Delivery System (EVDS), deposit interest rates (flow, weekly).

## Related pages

- [Central bank policy rate](https://lzzo.com/turkey-interest-rate)
- [Loan rates](https://lzzo.com/turkey-loan-rates)
- [Turkey inflation rate](https://lzzo.com/turkey-inflation-rate)
- [Compound return calculator](https://lzzo.com/tools/compound-interest-calculator)

---
Canonical HTML page: https://lzzo.com/turkey-deposit-rates · Not investment advice.