Deduction-Free Time Deposit Account

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With Deduction-free Time Deposit, neither your morale nor your maturity will deteriorate!

Ziraat has the “Deduction-Free Time Deposit Account", an account that can be withdrawn without breaking the maturity, except on the maturity day, and that meets your cash needs immediately!

Features

  • The account can be opened in TRY in maturity terms of 32-364 days and for natural person customers.
  • A customer can open multiple Deduction-Free Time Deposit accounts, and the account opening balance can be a minimum of TRY 100,000 and a maximum of TRY 10,000,000.
  • Cash withdrawal from the account shall not be permissible for 5 business days following date of account opening.
  • Withdrawals can be made up to 50% of the principal balance, no interest will be calculated for the withdrawn amount, and interest will continue to accrue from the beginning of the maturity on the remaining amount in the account.
  • With the withdrawals, the balance of the account shall not fall below TRY 50,000, and withdrawals below this amount can only be made by closing the account.
  • No deposits can be made to the account other than those deposited on the maturity date.
  • At the end of the maturity period, interest will be charged to the account at the rate and period determined at the beginning of the maturity period, and the withdrawal amounts will be renewed for the accounts that are renewed at the end of the maturity period.
  • In the event that the account is closed before expiry of its maturity period or drops below minimum amount, demand deposit interest rate (0%) will be applied to the entire balance and the balance will be transferred to the demand deposit account.
  • The Bank reserves its provisions and rights regarding time deposits except for the number and amounts of withdrawals within the scope of the product.​

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 Turkiye 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.

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