While earning interest on your savings in the long run, you can withdraw cash when required, and can earn the early withdrawal interest.
You can open a Flexible Time Account at any QNB Finansbank Branch.
Minimum amount required to open a Flexible Time Account is TRY 10,000, 2,500 Euros, or 2,500 US Dollars.
As long as the account balance stays above the minimum limit, you can withdraw for a maximum number of 7 times throughout the term.
You can earn interest over the amounts withdrawn if they are up to 50% of the principal amount, for a maximum number of 2 withdrawals, and the rate being the Early Withdrawal Interest Rate. In the calculation of net interest earning, the withholding tax rate applicable to the term of 366 days or above shall be considered.
If you deposit money to the Flexible Time Account before the maturity date, you will not be able to earn interest for this account.
If you close your Flexible Time Account before the maturity date, you will not be able to earn interest for this account. If you have made early withdrawals and you close the account, the interest earned for those early withdrawals will be deducted from the principal amount.