This article delves into the recent developments in Turkey bank interest rates 2025, examines the factors driving interest rate changes, and compares the current rates offered by major Turkish banks.
As of early 2025, Turkey’s banking sector is experiencing notable shifts in interest rates, influenced by recent monetary policy decisions and evolving economic conditions.
Recent Adjustments in Turkey Bank Interest Rates 2025
In January 2025, the Central Bank of the Republic of Turkey (CBRT) reduced its benchmark one-week repo auction rate by 250 basis points, bringing it down to 45%.
This decision followed a similar cut in December 2024, signaling a departure from the previous 18-month tightening cycle.
The CBRT’s move was influenced by a decline in annual inflation, which fell to 42.12% in January 2025, down from 44.38% in December 2024.
The bank emphasized a cautious approach, noting that while inflation expectations and pricing behaviors are improving, they still pose risks to the disinflation process.
The Monetary Policy Committee has committed to making decisions prudently on a meeting-by-meeting basis, focusing on the overall inflation outlook.

Bank Interest Rates in Turkey
Comparative Interest Rates Among Major Turkish Banks
Bank Name | Saving Account Interest Rate (%) |
Ziraat Bank | 42.5% |
Türkiye İş Bank | 43.0% |
Garanti BBVA | 41.8% |
Akbank | 42.0% |
Yapı Kredi bank | 42.3% |
Factors Influencing Bank Interest Rates
Implications for Consumers and Investors

Interest Rates in Turkey in 2025
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As of January 23, 2025, the Central Bank of the Republic of Turkey (CBRT) has set the benchmark one-week repo auction rate at 45%.
Yes, the CBRT reduced the policy rate from 47.5% to 45% on January 23, 2025, marking the second consecutive monthly cut.
The CBRT aims to lower the policy interest rate to 21% by the end of 2025, contingent upon ongoing disinflation efforts.
Factors include domestic demand levels, inflation expectations, pricing behaviors, and geopolitical developments, all of which pose risks to the disinflation process.
Deposit interest rates vary by bank and term length but generally range between 30% and 45% for short-term deposits as of early 2025.