Interest in Time Deposits Reaches Record Levels and Returns Revealed
While the stagnation period in the real estate and vehicle markets is changing investors' preferences, the nine-month net earnings of 1 million liras in savings have also become clear.
The stagnation in the housing and vehicle markets has caused investors to direct their savings toward time deposits. While time deposit preferences have peaked in Central Bank surveys, investors who have kept 1 million liras in time deposit accounts since the beginning of the year have achieved significant net profits.
Investors' Preference Shifted to Deposits
The stagnation environment in the housing and vehicle markets has been effective in investors choosing time deposit accounts to evaluate their cash assets.
The Rate in the Central Bank Survey
In survey studies conducted by the Central Bank, the proportion of people stating they will invest in time deposits rose to 7.13 percent, reaching a peak.
Time Deposit Preference of Institutions and Individuals
Due to high interest rates, time deposits and money market funds have maintained their attractiveness, and it was reported that both institutions and individuals have evaluated approximately 16.3 trillion liras in time deposits.
The Majority of Every 100 Liras is in Deposits
In line with current economic data, it was stated that 62 liras of every 100 liras in the market are held in time deposit accounts, demonstrating this situation's strength against housing.
The Nine-Month Return of 1 Million Liras
Savers who evaluated 1 million liras in time deposits over the nine-month period since the beginning of the year managed to obtain a total net profit of 231 thousand liras.
Latest Situation in the Gold Market
While interest in time accounts increases, the upward trend in the precious metal market also continues, and gram gold has premiumized by approximately 14 to 15 percent over the last one-month period.