Attention those who have money in the bank! Deposit interest rates are on the rise again

Attention those who have money in the bank!  Deposit interest rates are on the rise again

While total deposits of the banking sector decreased, TL deposit interest increased.

According to the news of BloombergHT, the total deposits of the banking sector decreased by 207.1 billion liras to 15 trillion 280 billion liras in the week ending February 2 compared to the previous week, while average deposit interest rates increased.

According to the Central Bank (MB) data, consumer loan interest rates continued to decline and fell to 60.7 percent, while commercial loan and deposit interest rates increased.

Turkish lira deposit interest, which has been going on for a while and dropped below 50 percent in the week of January 25, climbed to 51 percent in the week of February 2.

TOTAL DEPOSITS DECREASED

According to the weekly money and bank statistics of the Central Bank (MB), the total deposits of the banking sector (including interbank) decreased by 207 billion 97 million 721 thousand liras in the week ending February 2, decreasing to 15 trillion 279 billion 870 million 135 thousand liras.

In the same period, TL deposits in banks decreased by 2.2 percent to 8 trillion 664 billion 556 million 779 thousand liras, and foreign currency (FX) deposits decreased by 0.8 percent to 5 trillion 995 billion 97 million 498 thousand liras.

While the total FX deposits in banks were recorded at the level of 209 billion 199 million dollars last week, 176 billion 290 million dollars of this amount was collected in the accounts of domestic residents.



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