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        TL Time Deposit Account

        Choose the best maturity for yourself and avoid getting affected by interest rate fluctuations.

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

        f you wish, you can earn more yield for your 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.
        • For a period of 3 months, tax deduction rates have been reduced for interest yield from TL deposit accounts. Now, Turkish Lira deposit accounts are more profitable than ever!*

        *Limited to a period of 3 months for current deposit and special current accounts, this arrangement shall be applicable to time deposit accounts that are opened or whose maturity are renewed within 3 months as of 31.08.2018, which is the publication date of the decision.


        • 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. Using Garanti BBVA Internet Banking, on the other hand, you can open a deposit account with irregular maturity of up to 999 days.
          • The interest rates are gross interest.
          • The minimum limit to open an account is 1000 TL.
          • In case of early withdrawal, no interest is accrued on the relevant account.
          • 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 of 01.05.2024:

          Maturity Withholding Tax Rate
          Up to 6 months (incl. 6 month) 7.5%
          6 months - 1 year (incl. 1 year) 5%
          More than 1 year 2.5%
        • Interest Rates

          Last Update: -
          Last Update: -