Exchange Rate Protected TRY Time Deposit Account

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Where can I open an Exchange Rate Protected TRY Time Deposit Account?

You can open your account from Ziraat Mobile, Ziraat Internet Branch and the nearest Ziraat Bank Branch.​

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Who can apply for the Exchange Rate Protected TRY Time Deposit Account?

Natural person customers can apply.​

How can I calculate the yield of the Exchange Rate Protected TRY Time Deposit Account?

At maturity, the yield will be calculated at the interest rate committed at the time of account opening, and the change between the exchange rate at the start date and the exchange rate at the maturity date will be calculated. The interest yield will be compared with the yield calculated over the exchange rate difference and the higher yield will be reflected in the account.​

Is the Exchange Rate Protected TRY Time Deposit Account subject to withholding tax?

No. Zero withholding rate shall be applied for this product.​

Can I make partial withdrawals or early closure before maturity?

Partial withdrawals are not possible. However, you can close the account before maturity. In case of pre-maturity closure, no interest yield is offered and the principal amount is determined based on the lower of the CBRT buying rate in the selected currency (USD, EUR or GBP) announced at 11:00 on the account opening date and the CBRT buying rate announced at 11:00 on the account closing date.​

Is there a lower and upper limit for the Exchange Rate Protected TRY Time Deposit Account?

The lower limit for this product is TRY 1000, there is no upper limit.​

Which maturities can I open an Exchange Rate Protected TRY Time Deposit Account?

It can be opened with maturities of 3, 6, 9 months and 1 year.​

Where can I open an Exchange Rate Protected TRY Time Deposit Account Converted from FX?

You can open your account from Ziraat Mobile, Ziraat Internet Branch and the nearest Ziraat Bank Branch.​

Who can benefit from the Exchange Rate Protected TRY Time Deposit Account Converted from FX?

Both real person and legal entity customers can benefit.​

How can I calculate the yield of the Exchange Rate Protected TRY Time Deposit Account Converted from FX?

At maturity, the yield will be calculated at the interest rate committed at the time of account opening, and the change between the exchange rate at the start date and the exchange rate at the maturity date will be calculated. The interest yield will be compared with the yield calculated over the exchange rate difference and the higher yield will be reflected in the account.​

Is the Exchange Rate Protected TRY Time Deposit Account Converted from FX subject to withholding tax?

No. Zero withholding rate shall be applied for this product.​

Can I make partial withdrawals or early closure before maturity?

Partial withdrawals are not possible. However, you can close the account before maturity. For early closures, the principal amount will be determined based on the lower of the CBRT buying rate of the foreign currency/gold sold before the account opening and the CBRT buying rate announced at 11:00 on the date the account is closed. In this case, no interest yield will be obtained.​

Is there a lower and upper limit for the Exchange Rate Protected TRY Time Deposit Account Converted from FX?

The lower limit for this product is TRY 1000, there is no upper limit.​

Which maturities can I open an Exchange Rate Protected TRY Time Deposit Account Converted from FX?

It can be opened in 3, 6 months and 1 year maturities for real person customers and in 6 months and 1 year maturities for legal customers.​