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Multi-Currency Time Deposit Account

With the Multi-Currency Time Deposit Account, convert every day, earn every day!

With the Multi-Currency Time Deposit Account, convert between 6 different currencies throughout the term of the account, and earn daily interest in the meanwhile.

  • The right to endless number of conversions
  • Ability to transact in 6 different currencies,
  • The right to keep the interest during the conversions,
  • The opportunity to make maximum use of the fluctuations in the foreign exchange markets.

Features of the Multi-Currency Time Deposit Account

  • You can open a Multi-Currency Time Deposit Account in the currencies of TRY, EUR, USD, GBP, JPY and CHF.
  • You can keep account balances in more than one currency, under the same account.
  • Interest accrues daily; therefore conversions between currencies will not cause a loss of interest.
  • There are no restrictions on the number of conversions; you can make as much conversions as you like, continuing to earn interest.
  • You can open the account for a term of 21 to 60 days.
  • The minimum amounts required to open the account are; TRY 30,000, USD/EUR/GBP/CHF 10,000, or JPY 1,000,000. 
  • Account is opened in only one currency. When the account is being opened, you can select the currencies that you may convert to.
  • For the currencies selected, interest rates are specified at the time of account opening, and they are applied daily.   
  • Unless you instruct otherwise, at the maturity date, the account is renewed with the same conditions and with the current interest rates. 
  • The bank’s system exchange rates are applied for all foreign exchange transactions. 
  • Throughout the term of the account, the account is disabled to inflows and outflows.

How can I Open an Account?

You can apply for a Multi-Currency Time Deposit Account at any QNB Finansbank Branch.

Frequently Asked Questions

What is the minimum amount required to open a Multi-Currency Time Deposit Account?

The minimum amounts required to open a Multi-Currency Time Deposit Account are; TRY 30,000, USD/EUR/GBP/CHF 10,000, or JPY 1,000,000.

Can I deposit funds to, and withdraw funds from, the Multi-Currency Time Deposit Account any time?

Throughout the term of the account, Multi-Currency Time Deposit Account is disabled to inflows and outflows.

Can I close the Multi-Currency Time Deposit Account before the maturity date?

You can close the Multi-Currency Time Deposit Account before the maturity date at QNB Finansbank Branches. If you close the account before its maturity date, the commission collected at the time of account opening is not returned.

Which currencies can I use for conversions?

Endless conversions can be made between the currencies selected at the time of account opening, which are: Turkish Lira, US Dollar, Euro, Sterling, Swiss Franc, and Japanese Yen.