Attention, they will deposit the money! Interest rate difference between branch and internet banking – Latest News

Milliyet.com.tr/ With the Central Bank’s interest rate increase, deposit interest rates in banks began to increase significantly. Bank branches started to give more interest than deposit interest rates in internet banking. Deposit interest rates vary from bank to bank.

Banks organize special campaigns for their new customers. Interest rates in online banking go up to 58 percent. However, when you go to banks and negotiate, a higher interest rate can be given.

‘CITIZENS SELL THEIR PROPERTY AND PUT INTEREST ON INTEREST’

Certified Public Accountant and Economist Muhammet Bayram explained the details about the issue to milliyet.com.tr. He made the following statements in his Eid speech:

“The Central Bank will announce its interest rate decision today. The policy rate is expected to remain constant at 50 percent. Maybe a 250 basis point interest rate increase would not be a surprise. The Central Bank had set a 3 percent margin on the overnight lending interest rate.

INTEREST DIFFERENCE BETWEEN BRANCH AND INTERNET BANKING!

Banks adjusted deposits and loans according to the Central Bank’s interest rate increase. Currently, people are questioning loan and deposit interest rates under increasing and changing conditions. Many citizens began to think about selling their properties and putting them on interest. That’s why they do research through branches and internet banking. Differences began to emerge between the interest rate negotiated at the branch and the interest rate announced via internet banking.

‘I RECOMMEND THEM TO GO TO THE BRANCH AND GET THE PRICE’

Currently, deposit interest rates are between 55 percent and 60 percent. This deposit interest varies depending on whether the person is a company, a real person or a legal entity. If it is a profitable customer for the bank, banks may give higher interest rates to attract the customer. I recommend that citizens go to branches and get quotes from there, rather than via internet banking.

Deposit interests started to increase much more. Interest rates in online banking go up to 58 percent, but when you go to the bank and bargain, this rate goes up to 60 percent. There is an interest rate of up to 75 percent for TL deposits returned from KKM.

WHAT DOES 1 MILLION TL MONTHLY PROFIT?

Currently, the monthly net income of 1 million TL varies between 45 thousand TL and 50 thousand TL.

HOW SHOULD MATURITY SELECTION BE?

If people are going to open a term deposit account now, they should use the 32-day maturity and invest their money again in the 32-day maturity with the interest earned at the end of the 32-day maturity. After 32 days, perhaps their deposit interest will rise even more and they will be able to invest their money in their deposit account at the new rate.

Currently, people want to sell their own assets, their home, their vehicle and invest it in a 32-day deposit. The interest rate that the Central Bank will follow is important. If a person thinks that the interest rate will not be higher now and opens a deposit account with an interest rate today, he will earn significant interest income after 1 year. It is signaled that interest rates will be reduced after 6-7 months. When making a choice, citizens can first choose within 32 days. He can then invest for a 1-year maturity by evaluating the changing market conditions.

WARNING TO CITIZENS: AVOID SELLING PROPERTIES

I think our citizens should avoid selling their real estate that they need. If a person sells the house he lives in or the vehicle he drives and puts interest on it, he needs to know that he may not face the same prices when he wants to buy back his vehicle or house. “Although the policy rate is currently 50 percent, the real interest rate is slightly higher.”