Accumulating Gold Demand Deposit Account

With the Accumulating Gold Demand Deposit Account, you can use your savings in gold deposits on the one hand, and on the other hand, you can make savings in gold in maturities that you deem appropriate.

Features

• Gold recorded in Accumulating Demand Gold Deposit accounts is comprised of 1000/1000 carat gold. No payment/delivery in physical gold will be made during account opening and trading transactions.
• You can choose a "periodic" (daily, weekly, monthly, quarterly) or "arbitrary" payment calendar (a calendar that you will determine) and enter any number of payments.
• Instructions on Accumulating Gold Demand Deposit accounts can be given in the form of a desired amount of gold in grams on certain dates or in the form of a gold purchase in consideration of a determined amount.
• In cases where the gold purchase cannot be made due to the lack of balance in the account, the instruction will remain valid, and the purchase will continue as long as the balance is sufficient in the following periods / dates designated by the instruction.

Announcement about Savings Deposit Guarantee

Pursuant to the provisions of the "Regulation on Deposits and Participation Funds Subject to Insurance and Premiums to be Collected by the Savings Deposit Insurance Fund", published in the Official Gazette no. 32051 of 22.12.2022; the aggregate of the principal amount and interest rediscounts of savings deposit accounts denominated in Turkish Lira, a foreign currency, or a precious metal, which have been established with the domestic branches of a credit institution operating in Turkey in the name of real persons and which are not subject to commercial transactions other than issuance of a cheque are under insurance protection up to 400 thousand Turkish Liras.