Deposits A A

Current account allows you to invest your F/C savings, withdraw anddeposit at any time. You may also perform cheque payments and money tranfers by using your current account.

TL Time Deposit Accounts are interest-yielding accounts which opened with fixed interest rate and specified maturity. At the end of term, balance can be withdrawn, transfer toother accounts or can be rolled over to another term.

F/C Time Deposit Accounts are interest-yielding accounts which opened with fixed interest rate and specified maturity. At the end of term, balance can be withdrawn, transfer toother accounts or can be rolled over to another term.

Currency Conversion Currency Protected TL Time Deposit Account is a time deposit product that provides our customers with an advantageous TL interest rate or foreign exchange protection in case the exchange rate increases more than the interest rate. By converting your foreign currency savings to Turkish Lira, you can protect your savings against changes in exchange rates.

Product Features:

• Our domestic real and legal person customers can benefit from Currency Conversion Protected TL Time Deposit Account.
• CBRT Policy interest rate will be applied as the Minimum Interest Rate for Currency Conversion Currency Protected TL Time Deposit Account.
• Our resident real and legal person customers can open a Currency Conversion Currency Protected TL Time Deposit Account with maturity options of 3, 6, 12 months (92, 181 and 365 – 366).
• The special withholding tax rate for Currency Conversion Currency Protected TL Time Deposit Account is 0 (zero)

YUVAM TL Time Deposit Account

Persons residing abroad and companies where these persons are shareholders, whose legal place of residence is abroad and whose qualifications have been determined by the Central Bank, can open a YUVAM Account.

With the YUVAM Account, you can use your savings in USD, EUR, GBP and CHF currencies in TL time deposits, earn additional income and protect your deposits against foreign currencies.

Product Features:

• Time deposit account opening is free.
• The Central Bank of the Republic of Turkey (CBRT) Policy Interest Rate is applied as the minimum interest rate in our bank.
• YUVAM TL Time Deposit Account can only be opened with maturities of 3, 6, 12, 24 months.
• During the account opening, the USD, EUR, GBP, CHF foreign exchange buying rate published by the Central Bank of the Republic of Turkey (CBRT) every hour between 10:00 and 15:00 is taken as the basis.
• At the end of maturity, the exchange rate difference between the end of maturity and the account opening date is calculated, and the foreign currency gain is determined over the principal.
  • If foreign currency gain is lower than interest yield, then the usual time deposit account procedure applies and the customer only receives interest yield calculated based on the interest rate applied to this account.
  • If foreign currency gain is higher than interest yield, then the customer benefits from an additional exchange difference (interest yield - foreign currency gain) along with interest yield.
• The CBRT shall make an additional payment calculated at the rates of 3%, 4%, 5% and %6 for 3, 6, 12 and 24 months, respectively, for your YUVAM TL Time Deposit Account, besides the principal and additional exchange difference.
• The special tax rate for YUVAM Account is 0 (zero).
• Customers are free to close their accounts at any time they wish. In case of early withdrawal, the CBRT foreign exchange buying rate (for customer's foreign currency funds in USD, EUR, GBP or CHF to be converted into Turkish Lira) announced at 11:00 hours on account opening date and the CBRT foreign exchange buying rate (for customer's foreign currency funds in USD, EUR, GBP or CHF to be converted into Turkish Lira) announced at 11:00 hours on account closure date are compared. The lower rate is used to update the account balance. Customers may experience a loss in the principal they initially deposited if the said rate is lower at the time of account closure.