Yuvam Turkish Liras Time Deposit Account

Features

• Your USD, EUR, GBP, CHF, foreign currency accounts at our bank, converted into Turkish Lira on your behalf or established in a foreign country of which you are a shareholder, in accordance with the laws of that country and whose legal place of residence is outside Turkey, determined by the Central Bank of the Republic of Turkey ( CBRT ), and your company other than banks It is a time deposit account that can be opened in its name.
• Yuvam Turkish Liras Time Deposit Account may be opened in TL with terms of 3 months, 6 months, 12 months, 24 months. If the maturity date is a holiday, the maturity date shall be the first next business day. Minimum interest rate shall be the rate published by CBRT.
• The outstanding sum in the FX deposit account in USD, EUR, GBP or CHF in question shall be converted to Turkish lira at the most recently published FX buying rate (conversion rate) to be published at 10:00, 11:00, 12:00, 13:00, 14:00 and 15:00.
• The bottom limit for account opening is 10,000TL.
• All account-related payments shall be made in TL.
• The withholding rate shall be zero (0). This rate is subject to change depending on statutory regulations.
• Account opening procedures shall take place between 10.00-16.00 on business days and account closing (the end of the term and early cut-off before the end of the term) shall take place between 11:00-16:00.
• No partial money withdrawal from or money depositing to the account shall be made before the end of the term.
• The account shall be closed after the interest accrues at the end of the term and rates are published by TCMB at 11:00 on the due date and FX rate difference payment, if any, is made, The balance in the account shall be transferred to the demand TL deposit account of the individual or legal person.*
• If the exchange rate at maturity is higher than the conversion rate;
  i) If the amount of interest is higher than the exchange rate difference, the Bank pays the account holder the amount of principal + interest + additional yield.
  ii) If the amount of interest is lower than the exchange rate difference, the Bank pays the account holder the amount of principal + interest + additional yield amount “exchange rate difference – interest”.
• In addition to the principal and exchange rate difference, your Yuvam TL Time Deposit account is also paid by the CBRT.
  3 months maturity 3%
  6 months maturity 4%
  12 months maturity 5%
  24 months maturity 6% additional payment will be made.
• Upon withdrawal before maturity, no additional yield amount shall be paid by the CBRT. If the currency exchange rate announced by the CBRT at 11:00 on the date of withdrawal is higher than the conversion rate, no payment shall be made by the CBRT for the exchange rate difference. Withdrawals before 11:00 shall be subject to the buying currency exchange rate announced by the CBRT at 11:00 on the previous business day.

How can I apply?