Deposit Interest Calculation
Working days are taken into consideration when calculating the interest amount. Public holidays and weekends are not included in the calculation. When the date of maturity coincides with public holidays and weekends, calculation is done according to the first following workday. Calculated amount and actual amount may differ from each other.
What is a Time Deposit Account?
Time deposit account is a type of account that lets you save and earn interest on your savings. The money you deposit on this account appreciates at the advantageous deposit interest rates of ON in the term specified by you. At maturity, your principal and interest will be paid to you after deducting required taxes. If you want to withdraw your money before maturity, you receive only your principal, and not earn any interest. To open a time deposit account, you may use ON mobile application and internet branch. Thus, you may complete time deposit account without visiting the bank, and start to earn at advantageous interest rates.
How to Open An Foreign Currency Time Deposit Account?
You may also open time deposit account in foreign currency as well as in Turkish Liras. The interest rates offered for Euro and Dollar may be displayed with ON. In opening of a time deposit account, you may select Dollar and Euro as the currency, in addition to TL. Thus, you benefit advantageous interest rates for your savings in foreign currency. If you want to earn on your foreign currency investment, and the advantageous interest rates offered by ON, selecting a foreign currency deposit account would be the right selection for you. To calculate interest in Euro and Dollar, you may use the calculation tool.