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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
  • Onlinehukuk.net Law Firm
    July 25, 2020

    It depends on the bank you will work with in Turkey. The rates around 0.25%-2% for US dollars.

  • UHB International Law office
    July 24, 2020

    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.

  • Aslan Attorney
    July 22, 2020

    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.

  • Barlas Law Firm
    July 22, 2020

    It changes from bank to bank and the ratio for 181 days is between 0.1% and 0.15%.

  • ADMD Mavioglu & Alkan Law Office
    July 22, 2020

    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.