No! I'm not sure... Sums were never my strong point...
my online account tells me interest to be applied each month, currently 9.5%
On for example 100,000 tl the interest after tax would be approx 700tl a month...
So whatever that is...
Errrmmm....yes it must be yearly.
Sorry, couldn't resist. All I can guarantee is that the math is correct (I hope)
Deposit = 100,000.00
Interest rate = 9.50% per annum
Interest Payable = 9,500.00
Months in a year = 12
Month Interest Payable = 791.67
Tax Payable = 10% (assumed)
Monthly Income after tax = 712.50