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    Announcement to the investors of TURKISH ECONOMY BANK

    2013-12-26 00:00:00

    B-TYPE BONDS AND BILLS FUND, TURKISH ECONOMY BANK B-TYPE VARIABLE FUND, TURKISH ECONOMY BANK B-TYPE GOLD FUND, TURKISH ECONOMY BANK B-TYPE ASSETS MANAGEMENT SERVICE BONDS AND BILLS FUND, TURKISH ECONOMY BANK B-TYPE CAHS MANAGEMENT SHORT TERM BONDS AND BILLS FUND, TURKISH ECONOMY BANK B-TYPE PRIVATE SECTOR BONDS AND BILLS FUND, TURKISH ECONOMY BANK B-TYPE VARIABLE TACTIC DISTRIBUTION FUND and TEB INVESTMENT B-TYPE VARIABLE GROWTH FUND.

     

    Concerning the campaign being applied since 25/12/2012 to Turkish Economy Bank B-Type Variable Fund, B-Type Bonds and Bills Fund, B-Type Gold Fund, B-Type Asset Management Services Bonds and Bills Fund, B-Type Cash Management Short Term Bonds and Bills Fund, and TEB Investment B-Type Variable Growth Fund; Turkish Economy Bank B-Type Variable Tactic Distribution Fund and B-Type Private Sector Bonds and Bills Fund are added to the funds included in the campaign and the additional interest rates to be applied in the campaign by their maturities are changed as follows:

     

    The application principles of the campaign financially supported by Turkish Economy Bank are given below:

     

    a)      Turkish Economy Bank B-Type Variable Tactic Distribution Fund and B-Type Private Sector Bonds and Bills Fund are added to the campaign and both the deposit shares and the interest rates to be applied to the deposit shares are restated as given in the following table.  

     

    b)     By the announcement of the campaign, the Bank, effective from 25/11/2013 and within the scope of an agreement to be made with the customer, shall give an additional interest for each TL time deposit account separately at the rates mentioned in the below table to TL interest rates applicable to the investor’s deposit account in normal conditions if the customer guarantees to maintain a portion of his/her account balance (these rates are stated in the following table) in one of the mutual funds given in the following table and the remaining portion of it in 1-month, 3-months or 6-months deposit accounts.

     

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB Investment Variable Growth Fund

    10%

    90%

    0.28%

    TEB Investment Variable Growth Fund

    20%

    80%

    0.64%

    TEB Investment Variable Growth Fund

    30%

    70%

    1.10%

    3 Months

    TEB Investment Variable Growth Fund

    10%

    90%

    0.28%

    TEB Investment Variable Growth Fund

    20%

    80%

    0.64%

    TEB Investment Variable Growth Fund

    30%

    70%

    1.10%

    6 Months

    TEB Investment Variable Growth Fund

    10%

    90%

    0.28%

    TEB Investment Variable Growth Fund

    20%

    80%

    0.64%

    TEB Investment Variable Growth Fund

    30%

    70%

    1.10%

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Asset Management Service Bonds and Bills Fund

    10%

    90%

    0.14%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    20%

    80%

    0.32%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    30%

    70%

    0.55%

    3 Months

    TEB B-Type Asset Management Service Bonds and Bills Fund

    10%

    90%

    0.14%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    20%

    80%

    0.32%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    30%

    70%

    0.55%

    6 Months

    TEB B-Type Asset Management Service Bonds and Bills Fund

    10%

    90%

    0.14%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    20%

    80%

    0.32%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    30%

    70%

    0.55%

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Variable Fund

    10%

    90%

    0.17%

    TEB B-Type Variable Fund

    20%

    80%

    0.38%

    TEB B-Type Variable Fund

    30%

    70%

    0.66%

    3 Months

    TEB B-Type Variable Fund

    10%

    90%

    0.17%

    TEB B-Type Variable Fund

    20%

    80%

    0.38%

    TEB B-Type Variable Fund

    30%

    70%

    0.66%

    6 Months

    TEB B-Type Variable Fund

    10%

    90%

    0.17%

    TEB B-Type Variable Fund

    20%

    80%

    0.38%

    TEB B-Type Variable Fund

    30%

    70%

    0.66%

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    30%

    70%

    0.66%

    3 Months

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    30%

    70%

    0.66%

    6 Months

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    30%

    70%

    0.66%

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Bonds and Bills Fund

    30%

    70%

    0.66%

    3 Months

    TEB B-Type Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Bonds and Bills Fund

    30%

    70%

    0.66%

    6 Months

    TEB B-Type Bonds and Bills Fund

    10%

    90%

    0.17%

    TEB B-Type Bonds and Bills Fund

    20%

    80%

    0.38%

    TEB B-Type Bonds and Bills Fund

    30%

    70%

    0.66%

     

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Variable Tactic Distribution Fund

    10%

    90%

    0.12%

    TEB B-Type Variable Tactic Distribution Fund

    20%

    80%

    0.26%

    TEB B-Type Variable Tactic Distribution Fund

    30%

    70%

    0.45%

    3 Months

    TEB B-Type Variable Tactic Distribution Fund

    10%

    90%

    0.12%

    TEB B-Type Variable Tactic Distribution Fund

    20%

    80%

    0.26%

    TEB B-Type Variable Tactic Distribution Fund

    30%

    70%

    0.45%

    6 Months

    TEB B-Type Variable Tactic Distribution Fund

    10%

    90%

    0.12%

    TEB B-Type Variable Tactic Distribution Fund

    20%

    80%

    0.26%

    TEB B-Type Variable Tactic Distribution Fund

    30%

    70%

    0.45%

     

    Fund Type

    Fund Share

    Deposit Share

    Rate to be added to the interest rate to be given for the deposit share (annual)

    1 Month

    TEB B-Type Private Sector Bonds and Bills Fund

    10%

    90%

    0.12%

    TEB B-Type Private Sector Bonds and Bills Fund

    20%

    80%

    0.26%

    TEB B-Type Private Sector Bonds and Bills Fund

    30%

    70%

    0.45%

    3 Months

    TEB B-Type Private Sector Bonds and Bills Fund

    10%

    90%

    0.12%

    TEB B-Type Private Sector Bonds and Bills Fund

    20%

    80%

    0.26%

    TEB B-Type Private Sector Bonds and Bills Fund

    30%

    70%

    0.45%

    6 Months

    TEB B-Type Private Sector Bonds and Bills Fund

    10%

    90%

    0.12%

    TEB B-Type Private Sector Bonds and Bills Fund

    20%

    80%

    0.26%

    TEB B-Type Private Sector Bonds and Bills Fund

    30%

    70%

    0.45%

     

    In this application, the interest rates given in the above mentioned table shall be valid for 1-month, 3-months and 6-months time deposit accounts.

     

    c)      If the customer wishes to increase his/her blocked fund amount within the term of his/her current time deposit account, the current additional interest rate shall be continued to be applied. When a new time deposit account is opened, the additional interest rate corresponding to his/her new blocked amount shall also be continued to be applied to this new account. If the customer who benefits from this campaign opens a new time deposit account with the Bank within this period, then each time deposit account as well as the blocked fund amounts corresponding to each of these accounts shall be followed separately, and these accounts shall not be combined in the additional interest rate application. The Bank shall block the customer’s fund shares he/she undertakes to maintain under this campaign and the customer cannot sell such fund shares over the term of the deposit. Should the customer want to break the term of his/her time deposit before its maturity date, the blocking on the fund shares shall be removed.

     

    d)     During the campaign period, same additional interest shall be given to all customers in any event for the same mutual fund bucket.

     

    e)      Throughout this campaign, no increase shall be made in management fees to be charged on such mutual funds and the costs associated with this campaign shall not be reflected to any mutual fund in any manner.

     

    f)       During the campaign period, no change shall be made in the types and features of such mutual funds based on the campaign application.

     

    g)      If the investor wants to terminate his/her time deposit account within the scope of the agreement at any date during its term, the blocking on his/her funds shall be automatically removed. In such a case, the investor shall be able to place a fund instruction at his/her own request and the funds of the investor shall not be sold automatically in any manner. However, since the time deposit is terminated by the investor before its maturity date, he/she cannot earn any deposit income.

     

    h)     This campaign shall be applicable to both natural and legal persons.

     

    The yields of funds may vary according to the investment strategies and market conditions, and information about the investment strategies of the mutual funds included in the campaign can be accessed through regular public disclosure forms given in http://www.tebportfoy.com.tr. Details about the management rates charged on such mutual funds is given in the following table.

     

     

    Fund Name

    Daily Management Fee Rate

    Annual Equivalent Rate

    TEB B-Type Gold Fund  

    0,005%

    1,83%

    TEB B-Type Variable Fund

    0,006%

    2,19%

    TEB B-Type Bonds and Bills Fund

    0,006%

    2,19%

    TEB B-Type Variable Tactic Distribution Fund

    0,0041%

    1,50%

    TEB B-Type Private Sector Bonds and Bills Fund

    0,00411%

    1,50%

    TEB B-Type Cash Management Short Term Bonds and Bills Fund

    0,006%

    2,19%

    TEB B-Type Asset Management Service Bonds and Bills Fund

    0,005%

    1,83%

    TEB Investment B-Type Variable Growth Fund

    0,010%

    3,65%