Term Deposit (Vadeli Mevduat) Calculator — Türkiye
Calculate your fixed-deposit maturity value and interest in TRY at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Türkiye (2026)
Turkish banks price lira deposits mainly at short terms: 32-day campaign rates at Akbank, Yapı Kredi and Garanti BBVA run up to about 38%–38.75%, while Ziraat's standard 32–45 day rates are 28%–32% depending on balance. Garanti BBVA's published Welcome-campaign range of 30.5%–38% covers terms of 32 to 400 days, and longer terms usually pay less than short ones.
At around 34%, the fixed-deposit rate in Türkiye is very high in nominal terms - but rates this large usually track higher local inflation, so your real, after-inflation return can be far smaller than the headline suggests.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every ₺500.000 deposited at 34.00% for 5 years (quarterly compounding):
- Maturity value: ₺2.556.023
- Interest earned: ₺2.056.023
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Türkiye
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A named-bank rate check: Garanti BBVA and Akbank (2026)
Garanti BBVA's e-Vadeli page, checked on 12 October 2026, shows a Welcome-campaign range of 30.50%–38.00% for 25,000–50,000,000 TL over 32–400 days. Akbank's own new-customer campaign lists 38.75% for 32–40 day deposits (until 31 December 2026), and Yapı Kredi advertises up to 38.50% on new funds. Few banks publish a separate 1-year rate. On 10 September 2026 the Central Bank of the Republic of Türkiye held its one-week repo (policy) rate at 37%, the fifth meeting in a row at that level. A 1-year deposit is taxed at 15% withholding.
Frequently Asked Questions
How is FD maturity calculated in Türkiye?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Türkiye?
As a 2026 reference, fixed-deposit rates are around 34% per year, varying by bank and tenure. Turkish banks price lira deposits mainly at short terms: 32-day campaign rates at Akbank, Yapı Kredi and Garanti BBVA run up to about 38%–38.75%, while Ziraat's standard 32–45 day rates are 28%–32% depending on balance. Garanti BBVA's published Welcome-campaign range of 30.5%–38% covers terms of 32 to 400 days, and longer terms usually pay less than short ones.
Is FD interest taxable in Türkiye?
Banks withhold tax on lira deposit interest at 17.5% for demand deposits and terms up to 6 months, 15% for terms up to 1 year and 10% for terms over 1 year, rates extended to 31 December 2026.
Is a fixed deposit safe in Türkiye?
Fixed deposits carry no market risk. The Savings Deposit Insurance Fund (TMSF) insures savings deposits and participation funds up to TRY 1,200,000 per person per bank from the start of 2026. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Türkiye?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What does a 1-year lira deposit pay in Türkiye?
Banks focus on 32-day deposits, which pay about 28%–38.75% gross depending on bank, balance and campaign. Garanti BBVA's campaign range for 32–400 days is 30.5%–38%, so about 34% is a reasonable 1-year estimate, against a policy rate of 37%.
How much tax is withheld on a 1-year deposit, and how much is insured?
Banks withhold 15% on lira deposits with terms up to 1 year (17.5% up to 6 months, 10% over 1 year) until 31 December 2026. TMSF insures up to TRY 1.2 million per person per bank in 2026.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Garanti BBVA (accessed 12 October 2026): e-Vadeli Hesap. Akbank, Vadeli Mevduat Tanışma Kampanyası (32–40 days 38.75%, to 31 December 2026) (accessed 15 October 2026). Yapı Kredi, new-funds deposit campaign (up to 38.50%) (accessed 15 October 2026). Ziraat Bankası, Fiyatlar ve Oranlar — vadeli TL mevduat (accessed 15 October 2026). TCMB, Faiz Oranlarına İlişkin Basın Duyurusu 2026-38 (10 September 2026, policy rate 37%). Hisse.net (accessed 12 October 2026): TCMB Eylül 2026 faiz kararı açıklandı. Yöntem YMM (accessed 12 October 2026): TL mevduat hesaplarında uygulanan stopaj oranlarının süresi uzatıldı. Bloomberg HT (accessed 12 October 2026): TMSF mevduat sigortası üst limitini 1,2 milyon liraya yükseltti.