YUVAM TRY Time Deposit Account​

Additional yield opportunities are offered on Turkish Lira deposit accounts opened under YUVAM based on maturity groups. The specified rates indicate annual yield rates.

• The 'conversion rate' at the beginning of the term and the 'end-of-term rate' will be valid for calculating the exchange rate difference return:
  • If the end-of-term rate is > the conversion rate, and the amount calculated through the exchange rate difference is higher than the interest payable at the end of the term, the interest is derived from the calculated amount after deducting the interest from the exchange rate difference, resulting in the calculated amount and the additional yield.
  • If the end-of-term rate is > the conversion rate, and the amount calculated through the exchange rate difference is lower than the interest payable at the end of the term, the interest and the additional yield will be obtained.
  • If the end-of-term rate is < the conversion rate, the interest and the additional yield will be obtained.

• In the case of account renewal, the same calculation will be valid between the 'renewal rate' at the beginning of the term and the 'end-of-term rate'.
• The renewal of your account is possible on the same day at the end of the term if requested. You cannot renew your account on any day after the maturity date.
• If the maturity date falls on a holiday, the following first business day will be considered. In the YUVAM TL Time Deposit Account, deposits and partial withdrawals cannot be made during the term.

• In the event of withdrawal before the maturity date,

  *If the exchange rate declared by the Central Bank of the Republic of Turkey at 11:00 on the withdrawal date, according to the instructions and other procedures and principles determined, is higher than the conversion rate, no payment will be made regarding the exchange rate difference.

  *If the exchange rate declared by the Central Bank of the Republic of Turkey at 11:00 on the withdrawal date, according to the instructions and other procedures and principles determined, is lower than the conversion rate, the account balance will be updated from the exchange rate of the foreign currency buying rate declared by the Central Bank of the Republic of Turkey at 11:00 on the date the YUVAM TL Time Deposit Account was closed before the maturity date. If the YUVAM TL Time Deposit Account is closed before the maturity date, the interest rate applied to the demand deposit will be applied.

   

  There are no lower or upper limit amounts for the product.

   

• The YUVAM TL Time Deposit Account can be opened at our branches between 10:00 and 15:30.
• Income tax withholding is applied at 0%

Odea Bank Inc. reserves the right to change the interest rates and other conditions it offers by considering market conditions.​​