If you are looking for a secure investment instrument and do not want to be affected by changes in interest rates, you can open a time deposit account at TEB with a maturity of your choice.

Your time deposit account, whether in Turkish Lira or foreign currency, will be automatically renewed at the end of the term with the same maturity and the current signboard (standard) interest rate published on the website, unless you instruct otherwise. The signboard (standard) interest rate represents the minimum interest rate applied by our bank for TL and foreign currency time deposit accounts.

If you wish, your funds can be transferred to an account you specify at maturity. Alternatively, you may choose to withdraw only the accrued interest and continue to keep your principal invested in the time deposit account.

No interest is paid on time deposit accounts that are withdrawn before maturity.

The minimum opening amount for time deposit accounts opened via branches is:

• 10,000 TL for Turkish Lira accounts
• 1,000 USD (or equivalent) for foreign currency accounts

For TL O/N (overnight) time deposit accounts opened via branches, the minimum opening amount is 10,000 TL.