According to a survey conducted every quarter, keeping cash or gold at home "under the mattress" was generally the preferred way to save in Turkey. In the second quarter of 2023, 22 percent of the Turkish people kept their savings at home. In contrast, only one percent resorted to funds for their savings.
Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving
Characteristic
Cash and gold at home "under the mattress"
Gold account
Treasury bonds/government bonds
Equity share
Funds
Checking account
FX deposit account
Deposit account (TRY)
Private pension fund
Cryptocurrency
FX protected deposit account*
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Randomly selected people are interviewed every month in 26 provinces selected in the NUTS2 regions
Method of interview
Computer-assisted telephone interviews (CATI)
Supplementary notes
*TRY Foreign Exchange Protected Deposit Account Converted from FX protects the savings of customers with foreign currency deposits in USD, EUR and GBP or gold deposit accounts against changes in exchange rates, provided that they are converted into Turkish lira. This option was included among the options from August 2022 in the survey.
**The total number of survey participants accounted for 2,400 in the second quarter of 2023, of which 608 had some sort of savings.
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ING. (October 17, 2023). Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/
ING. "Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving." Chart. October 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/
ING. (2023). Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/
ING. "Proportion of People Who Have Savings in Turkey from 1st Quarter 2019 to 2nd Quarter 2023, by Type of Saving." Statista, Statista Inc., 17 Oct 2023, https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/
ING, Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving Statista, https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/ (last visited July 22, 2024)
Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving [Graph], ING, October 17, 2023. [Online]. Available: https://www.statista.com/statistics/1464107/turkey-ratio-of-savers-by-type-of-saving/
