Foreign Currency Time Deposit
Let your foreign currency savings grow at Akbank!
At Akbank, you will find safer and better rates to grow your foreign currency savings. Based on your needs, you can set the term anywhere between 3 and 400 days. Your savings will be immune to interest fluctuations during the term. You can collect your capital and interest in foreign currency.
- Since the rate of interest is fixed, your money is immune to interest changes until the date of maturation.
- You can set your term at 1 month, 3 months or 6 months. You can also specify the number of days up to 400 days when you open up a “Foreign Currency Savings Account”.
- You can open up an account in a convertible currency.
- Time deposit accounts are available in currencies including USD, EUR, GBP, CHF, JPY, SEK, DKK, NOK, CAD, AUD, CNY and RUB with maturities of up to 400 days.
- The minimum amount necessary to open via Akbank Branches and Customer Contact Center channel is USD 25,000/EUR for accounts with a maturity of less than 1 month and USD 1,000/EUR 5,000 for accounts with a maturity of 1 month or more. The minimum amount necessary to open via Akbank Mobile and Internet channel is USD 25,000/EUR for accounts with a maturity of less than 1 month and USD 1,000/EUR 5,000 for accounts with a maturity of 1 month or more.
- You can track your foreign currency savings account movements through Akbank Internet.
- You may open your account using Akbank Mobil or at any Akbank Branch.
Stoppage ratios to be applied to Foreign Exchange Deposit Accounts
| Up to 6 months (including 6 months) | Up to 1 year (including 1 year) | Longer than 1 year |
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Foreign Exchange Deposit | 25% | 25% | 25% |