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        FX Time Deposit Account

        FX Time Deposit Account: For those who want to earn from both foreign currency and interest!

        You can open your FX Time Deposit Account via our branches and start obtaining a risk-free return from your savings in foreign currency.

        If you wish, you can earn more yield for your USD and EUR deposit account by opening an e-Savings Account that offers advantageous interest rates exclusive to Garanti BBVA Mobile and Internet Banking.

        • Please click to calculate interest and yield for time deposit accounts.
        • Please click to see the latest foreign exchange rates and gold prices at Garanti BBVA.
        • If you don’t have an account at Garanti BBVA yet, you can become our customer via Garanti BBVA Mobile, without going to the branch, and then open your account instantly.
        • Features

          • It does not get affected by interest fluctuations in the market until the end of maturity, and it provides fixed income.
          • 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.
          • You can open an FX (Foreign Currency) Time Deposit Account in USD, EUR, JPY, CHF, GBP, SEK, SAR, RUB, NOK, DKK, CAD, AUD, MTL, and UD.
          • The interest rates are gross interest.
          • The minimum account opening limit is 500 GBP for GBP accounts, 100,000 JPY for JPY accounts, and 1,000 relevant currency for other foreign currency accounts.
          • In case of early withdrawal, no interest is accrued on the relevant account.
          • As per the new regulation published on the date of 30 December 2021, a portion of up to 200,000 TL in savings accounts is under the protection of the state.
          • You can choose one of the options below for the end of maturity action while opening your account.
            • Maturity Extension for Principal and Interest: Your account is renewed automatically with the same maturity and the then-current interest rates at the end of maturity.
            • Maturity Extension for Principal and Transfer of Interest to Another Account: Only your principal amount is renewed while the accrued interest amount is transferred to an account of your selection.
            • Conditional Maturity Extension: Your selected amount is transferred to an account you determine whereas the remaining amount is renewed.
            • No Extension: Your principal amount together with the accrued interest is transferred to accounts you indicate, and your account is closed thereafter.
          • With "Deposit Money to Time Deposit Account Order", you can ensure that extra money is automatically supplemented to your time deposit account on the maturity dates. Following an order you will give via Garanti BBVA Mobile, Internet, or our branches, the amount you will determine shall be transferred from a current account of your selection to your time deposit account at the time of every maturity renewal.
        • Withholding Tax Rates

          Withholding tax rates as from 01.12.2018:

          Maturity Withholding Tax Rate
          Up to 6 months (incl. 6 month)
          %20
          6 months - 1 year (incl. 1 year)
          %20
          1More than 1 year
          %18
        • Interest Rates

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