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Multi-Currency Time Deposit Account

Possibility to get both interest yield and foreign exchange gains

Multi-currency time deposit account can be opened in Turkish Liras, American Dollars, Euro, Pound, Japanese Yen or Swiss Francs and you can convert between the currencies that you select at the account opening without losing the daily interest any time.

  • Possibility to get both interest yield and foreign exchange gains
  • Advantage of enjoying the booms in the currency markets
  • Ease of making currency conversion transactions and tracking the foreign exchange gains easily on a single account

Features

By opening multi-currency time deposit account, you can make unlimited number of currency converting transactions while enjoying the booms in the currency markets. Furthermore, you have no loss of interest at the time of converting between the currencies selected at the account opening. Thus you get both interest yield and foreign exchange gains.

  • Saving Account allows you to
    • Balance in multiple currencies can be held at one single account simultaneously.
    • The interest accrues on daily basis.
    • Unlimited number of currency converting transactions can be performed without losing the interest accruing on daily basis.
    • You can open an account with any term from 21 days up to 60 days.
    • The minimum amount for account opening is TRY 30.000, USD/EUR/GBP/CHF 10.000, or JPY 1.000.000.
    • The account is opened in a single currency and the currencies to be converted into are selected at the account opening.
    • Interest rates are fixed for the currencies selected at the account opening. The interest rates fixed for each currency at the account opening accrues on daily basis.
    • "Multi-currency time deposit account commission" in an amount equal to 0.1% of the account opening amount is charged to the account at the opening.
    • The "Multi currency time deposit account commission" charged at the account opening is automatically refunded to the account from which it is charged; provided that the account is not closed before the time specified in the contract, at the maturity. For the renewed accounts, the commission is refunded only at the account closing.
    • At the maturity, your account will be renewed for the same term at the interest rate prevailing on the date of renewal, unless you instruct otherwise.
    • Our bank's free buying/selling rates are applicable for all foreign currency transactions.
    • No cash inflow to or outflow from the account is allowed during the term of the Multi-currency time deposit account.
    • Currency converting transactions can be made with the entire or a part of the balance.

You can direct all your complaints and feedback through telephone banking at 0850 222 0900 and 0850 222 2900 or through QNB Finansbank website.

Apply

You can open and/or close your saving accounts through all QNB Finansbank branches, through telephone banking at  0850 222 09 00 or by .

Interest Rates and Fees

for our Multi currency time deposit account interest rates.

  • "Multi-currency time deposit account commission" in an amount equal to 0.1% of the account opening amount is charged to the account at the opening.
  • The "Multi currency time deposit account commission" charged at the account opening is automatically refunded to the account from which it is charged provided that the account is not closed before the time specified in the contract, at the maturity. For the renewed accounts, the commission is refunded only at the account closing.

FAQs

What is the floor amount for opening multi-currency time deposit account?

The minimum amount for account opening is TRY 30.000, USD/EUR/GBP/CHF 10.000, or JPY 1.000.000.

Between which currencies can multi-currency time deposit account be converted?

Foreign Currency Accumulating Account can be opened in Turkish Lira, American Dollar, Euro, Pound, Japanese Yen or Swiss Francs and you can convert between the currencies that you select at the account opening without losing the daily interest any time.

Through which channels can I open a multi-currency time deposit account?

You can open this account through all QNB Finansbank branches.

With which terms can I open a multi-currency time deposit account?

You can open an account with all terms from 21 days up to 60 days.

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