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Daily Yield Account

Daily Yield Account is a product combining advantages

Make profit with Daily Yield Account and its advantageous interest rates while carrying out all kinds of transactions within the day and without worrying about maturity at the end of the day and receive your gain daily.

Features

  • Daily Yield Account can be opened in any amount in one of TRY, USD or EUR currencies for the customers who have the portfolio size (total assets of TRY 100 thousand or USD/EUR equivalent) that is specified by the Bank in QNB Finansbank during account opening.
  • A lower limit is determined for Daily Yield Account opening provided that it is not below the lower limit amount specified by the bank.
  • Such lower limit amount specified by the bank is minimum TRY 5.000 for TRY accounts of real persons and minimum EUR/USD 5.000 for EUR/USD accounts of real persons. For corporate bodies; standard lower limit specified by the bank is minimum TRY/EUR/USD 20.000.
  • You can increase lower limits of your accounts at any time based on your cash needs.
  • Lower limit amount determined during account opening remains in the demand deposit account, interest does not accrue on it. The amount above the lower limit is transferred to connected time deposit account at an hour at the end of the day determined by the bank for being valued with current Daily Yield Account interest.
  • The interest to be applied is determined freely by the bank based on the currency selected during account opening, amount in the connected time deposit account and first identification date of Daily Yield Account.
  • After interest accrual is applied for the account at the beginning of the day, the balance in time deposit account is transferred to demand deposit account connected to Daily Yield Account.
  • In case of need, account holders can transfer the whole balance in relevant time deposit account to demand deposit account connected to Daily Yield Account by accepting that they have waived from the interest of that day after the hour at the end of the day that is determined freely by QNB Finansbank.
  • With Daily Yield Account you can;
    • Deposit and withdraw cash within the day.
    • Carry out Remitment/EFT transactions.
    • Pay utility bills.
    • Place automatic utility bill payment order and regular payment order.
    • Identify Supplementary Account limit.

Apply

You can carry out Daily Yield Account opening and account closing transactions from all of QNB Finansbank branches, 0850 222 0 900 numbered telephone banking, .

Interest Rates and Fees

TRY 38.25 account maintenance fee will be collected from your account once a quarter by our Bank. In case you only have FX account in our bank or balance of your TRY account is not sufficient; TRY 38.25 equivalent of FX will be collected from your FX deposits account. The calculation will be based on FX buying rate of our Bank on the collection date.

Interest rate of Daily Yield Account is 11,5%* for TRY accounts; 0,5%* for USD accounts and 0,4%* for EUR accounts and interest yield is transferred to the account daily.

*The interest rates given indicates annual gross interest.

FAQs

What Is Daily Yield Account?

Daily Yield Account is a product combining advantages of demand deposit account with gain of time deposit account. Make profit with Daily Yield Account and its advantageous interest rates while carrying out all kinds of transactions within the day and without worrying about maturity at the end of the day and receive your gain daily.

From which channels can I open Daily Yield Account?

You can carry out Daily Yield Account opening transactions from all of QNB Finansbank branches, 0850 222 0 900 numbered telephone banking, .

From which channels can I carry out my other transactions pertaining to Daily Yield Account?

You can carry out Daily Yield Account opening, closing and lower limit revision transactions from all of QNB Finansbank branches, 0850 222 0 900 numbered telephone banking, .

What are the conditions for opening Daily Yield Account?

Customers should have the portfolio size (total assets of TRY 100 thousand or USD/EUR equivalent) that is specified by the Bank at QNB Finansbank for opening Daily Yield Account or identifying Daily Yield Account feature for an existing demand deposit account.

In which currency types can I open Daily Yield Account?

Daily Yield Account can be opened in TRY, USD or EUR.

Can both consumer and corporate customers open Daily Yield Account?

Consumer and corporate customers can open Daily Yield Account.

Can I identify Daily Yield Account feature for my existing demand deposit account?

Daily Yield Account feature can be identified for existing demand deposit accounts. Daily Yield Account feature cannot be identified for salary accounts, Saving accounts and accounts with automatic repo order.

What is Daily Yield Account lower limit and how much is it?

Daily Yield Account lower limit indicates the amount that will remain at demand deposit account of customer with Daily Yield Account feature and that can be used by customer after end of the day. Such lower limit amount specified by the bank is minimum TRY 5.000 for TRY accounts of real persons and minimum EUR/USD 5.000 for EUR/USD accounts of real persons. For corporate bodies; standard lower limit specified by the bank is minimum TRY/EUR/USD 20.000.

Can I increase Daily Yield Account lower limit?

Daily Yield Account lower limit can be revised from QNB Finansbank branches, 0850 222 0 900 numbered telephone banking and .

Is there an upper limit for depositing money into Daily Yield Account?

There is not an upper limit for depositing money into Daily Yield Account.

Which transactions can I carry out with Daily Yield Account?

All the transactions that are carried out from demand deposit accounts such as withdrawing/depositing money, remitment/EFT transactions, bill payments, placing automatic utility bill payment and regular payment order and identifying supplementary account limit can be carried out with Daily Yield Account, as well.

Can I use the money in my time deposit account in case I need cash after the amount above lower limit is transferred to time deposit account?

After the amount is deposited to time deposit account, time deposit of that day can be broken from QNB Finansbank branches, 0850 222 0 900 numbered telephone banking and QNB Finansbank internet branch and the whole amount can be transferred to demand deposit account. However, interest cannot be gained for Daily Yield Account on that day.

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