Tag: Bank account in Türkiye

Bank Account Opening Conditions in Turkey: If you intend to benefit from floating interest in Turkey, the deposit amount’s interest will be calculated every month based on the inflation rate announced by the Central Bank of Turkey. It is also important to note that bank interest in Turkey is deposited into your account every 35 days; meaning the interest for 30 days will be paid within 35 days. Currently, due to new policies by the Central Bank, the interest rates in Turkey have significantly increased compared to previous years.