Inflation Protected TL Time Deposit with Interim Payment Period

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Inflation Protected TL Time Deposit with Interim Payment Period

Offering Optional Interest Payment Periods; Every 3 Months or Every 6 Months

Plus with the Advantage of Zero Withholding for Maturities Over 1 Year!

With Inflation Protected TL Time Deposit with Interim Payment Period, you can get a return above the inflation rate without risking your principal amount for your TL savings.

Features:

While investing your savings with one-year maturity deposits, you will gain regular interest income on a quarterly or six-month basis without waiting for the date of maturity.
You may withdraw this interest income transferred to your demand deposit account at any time and may use it for other transactions in the bank.
With this product, you can get an interest return above the inflation rate without risking your principal amount.
You can open an account with minimum TL 10,000 and a maturity over 1 year.
You can benefit from the zero withholding advantage by opening an account with a maturity above 1 year.
Interest is accrued on your savings by adding the margin rate over the inflation rate at the end of the maturity term or at interim interest payment periods.
It is not possible to add/ deposit money to the account outside the maturity date.
While investing your savings with one-year maturity deposits, you will gain regular interest income on a quarterly or six-month basis without waiting for the date of maturity.
You may withdraw this interest income transferred to your demand deposit account at any time and may use it for other transactions in the bank.
TL 150,000 of time deposit accounts are under the guarantee of Savings Deposit Insurance Fund.

*The annual inflation rate used in the product is the CPI inflation data, and the most recent annual CPI change rate announced by the Turkish Statistical Institute is used as the reference data source. When calculating this rate, the change rate of the same month of the previous year should be taken into consideration. In calculating the most current CPI rate, the most recent annual rate of change announced on the interim interest payment period and 1 day before the end of the maturity date is used.
**The margin to be added to the CPI may be updated according to market conditions. This update will only cover accounts opened after the update. Existing accounts will pay interest at the opening margin.