Turkish banks update interest-free loan and savings rate offers

Turkish banks have updated their offerings regarding interest-free loans for new customers and interest rates for savings accounts.

For interest-free credit options, several banks are providing zero-interest loans and cash advances for new clients. Akbank offers up to 125,000 TL, while QNB, Garanti, and Denizbank provide packages totaling up to 100,000 TL. TEB offers up to 75,000 TL, and İş Bankası provides up to 55,000 TL through various installment cash advances and overdraft accounts.

Regarding savings, interest rates for 32-day term accounts have also been updated. For a 1 million TL deposit, ING offers one of the higher rates at 44%, resulting in a net gain of approximately 27,472 TL. Other institutions such as TEB and Cepteteb offer 42%, Denizbank offers 41%, and Yapı Kredi offers 40.25%. Lower rates are provided by Akbank at 39%, QNB at 38.5%, and İş Bankası at 37%.