TEB’s New Investment Instrument: the DepoFund Account
Exclusive for the investors wishing to invest some portion of their savings in the investment funds which turn the opportunities in the market to profit while investing the remaining portion as deposit...
For your savings, you can benefit from the returns of the attractive deposit rates together with the returns of the investment funds that make investments in different dynamics.
The DepoFund Account invests your savings in different maturities and, places 10% or 20% or 30% of this amount to the investment funds depending on your preference. The remaining amount is invested in as deposit.
The investment fund selection can be made in each maturity date by selecting one among TEB Portfolio Short Term Debt Securities Fund (TNK), TEB Portfolio Primary Medium Term Government Debt Securities Fund (TBT), TEB Portfolio Secondary Medium Term Government Debt Securities Fund (TET), TEB Portfolio Second Variable Fund (TVT), TEB Portfolio Gold Fund (TUA), TEB Portfolio Fourth Variable Fund (TMA), TEB Portfolio Third Variable Fund (TNT) and TEB Portfolio Private Sector Debt Securities Fund (TOT). The selected funds cannot be changed throughout the maturity period.
Your investment fund is kept blocked throughout the term of the time deposit account and a 15% withholding deduction is made over the deposit interest income, whereas a 10% withholding deduction is made over the return of the investment fund at the end of the maturity.
You can open a DepoFund Account and you can depart from this Account anytime you wish via CEPTETEB Internet Branch, TEB Branches and 444 0 666 TEB Phone Branch.
Please click here for detailed information about our investment funds.
Please click here for DepoFund interest rates.
Please click here for detailed information about our mutual funds.