The interest rates depend on which bank you work with. Each bank has their own rates according to the fixed terms. The general rates around 7% to 8% for Turkish lira and 1% to 2% for US dollars. Yes, you can collect the interest income as well.
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What is the interest rate for deposits made in Turkey for its citizenship by investment program?
I want to get Turkish citizenship through a bank deposit. Do I get any interest for the deposit? What is the deposit rate? Is it different from the interest rates for regular deposits?
Answers
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There is no mandated interest rate set for the CBI program. The interest rates are not different than regular deposits and the banks apply different rates freely. Currently, the rates offered by various banks in Turkey for US dollars with more than one year term of maturity fluctuate around 0.25% and %2 per annum.
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It changes from bank to bank and the ratio for 181 days is between 0.1% and 0.15%.
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The interest rate would be applicable at 1%.
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It’s possible to get interests while you apply and after acquiring citizenship through a bank deposit. You can deposit USD or Turkish lira in order not to hit the bank deposit minimum limit. The interest rate depends on the bank.
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It depends on the bank you will work with in Turkey. The rates around 0.25%-2% for US dollars.
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