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        TL/FX Time Deposit Account

        Have you opened a Time Deposit Account offering attractive interest alternatives yet?

        To avoid being affected by the long-term changes in the interest rates, you can open a TL/Foreign Currency Time Deposit Account by selecting the most suitable term for your company, and thus obtain risk-free returns from your savings. Unless you specify otherwise, your account is automatically renewed for the same term with the prevailing signboard interest rate. If you wish, you can transfer the accrued interest to your demand account and use the earnings you have accumulated as you like. Along with attractive interest rates, you can benefit from advantages relating to the withholding tax if you open a time deposit account with a long-term maturity.

        You can keep track of the account opening procedure for TL/Foreign Currency Time Deposit Account through Garanti BBVA Internet Banking or 444 0 333 Garanti BBVA Customer Communication Center.

        What's more, you can earn more yield for your deposit account by opening an e-Savings Account that offers advantageous interest rates exclusive to Garanti BBVA Internet Banking.

        To open a TL e-Savings Account, you can either go to the Accounts menu and then the Account Opening section on Garanti BBVA Internet Banking or the Transactions menu and then the Applications section on Garanti BBVA Mobile.

        You can open a TL/Foreign Currency Time Deposit Account through Garanti BBVA Internet Banking or 444 0 333 Garanti BBVA Customer Communication Center.
        If you are not a Garanti BBVA customer yet, all you need to do is to visit the closest Garanti BBVA branch to open an account.

        • Features

          • It provides risk-free returns by protecting you against long-term changes in interest rates.
          • Along with accounts with a maturity of 1-month, 3-month, 6-month, and 12-month, you can open an irregular maturity account with maturity from 32 days to 400 days as you wish.
          • The interest rates are gross interest.
          • In case of early withdrawal, no interest is accrued on the relevant account.
          • You can open a Foreign Currency Time Deposit account in USD, EUR, JPY, CHF, GBP, or TL.
          • The interest rates are gross interest.
          • The minimum limit to open an account is 500 TL, 1,000 USD/EUR/CHF, 500 GBP, or 10,000 JPY.

          Withholding tax rates for TL as from 01.01.2013:

          Maturity Withholding Tax Rate
          Up to 6 months (incl. 6 month)
          %15
          6 months - 1 year (incl. 1 year)
          %12
          More than 1 year
          %10

          Withholding tax rates for USD and EUR as from 01.01.2013:

          Maturity Withholding Tax Rate
          Up to 6 months (incl. 6 month)
          %18
          6 months - 1 year (incl. 1 year)
          %15
          More than 1 year
          %13
          • As per the new regulation published on the date of 15 February 2013, a portion of up to 100,000 TL in savings accounts is under the protection of the state.