Demand and time deposit accounts are now all together!
Güldüren Savings Account
Start to benefit from Güldüren Savings Account’s advantages which you can use it as a draw account during the day and earn advantageous interest rates as a time deposit during the night.
You can open your account via Burgan Mobile – Open an Account step. If you have not been Burgan Digital customer yet, please download Burgan Mobile. After tapping Become a Customer Button, please fill out the application form. Direct to the customer relationship manager where you can become a customer in minutes by a video call. Now you can open your Güldüren Savings Account and start to earn immediately.
Why Güldüren Savings Account?
- During the initial 90 days after opening your account, you are eligible for our advantageous interest rates termed as Güldüren Savings Account. Welcome deposit interest rate specifically determined and applied for Güldüren Savings Account*.
- Not only you can execute all your banking transactions in TL, USD, EUR and GBP currencies with the same account, but also you can invest the balance remaining after your daily use via overnight interest rates.
- In addition to Burgan Bank’s ATMs, you will have the opportunity to deposit/withdraw money from Işbank and TEB ATMs all over Turkey.
- You can easily perform all your banking transactions from anywhere, anytime via Burgan Mobile, which offers ever-evolving transaction options.
* At the end of 90 days, standard interest rates will be charged to your account.
Güldüren Savings Account Interest Rates
| TL Balance | Demand Deposit Balance | Welcome Interest Rate (for the initial 90 days) * | Standard Interest Rate (for 91st day and thereafter) * |
|---|---|---|---|
| 3.500 - 49.999 TL | 3.000 TL | 27,00% | 22,00% |
| 50.000 - 99.999 TL | 3.500 TL | 27,00% | 22,00% |
| 100.000 - 249.999 TL | 5.000 TL | 27,00% | 22,00% |
| 250.000 - 499.999 TL | 7.500 TL | 27,00% | 22,00% |
| 500.000 - 749.999 TL | 10.000 TL | 29,00% | 22,00% |
| 750.000 - 999.999 TL | 15.000 TL | 29,00% | 22,00% |
| 1.000.000 - 2.000.000 TL | 75.000 TL | 29,00% | 22,00% |
| USD Balance | Demand Deposit Balance | Welcome Interest Rate (for the initial 90 days) * | Standard Interest Rate (for 91st day and thereafter) * |
| 750 - 49.999 USD | 500 USD | 0,50% | 0,50% |
| 50.000 - 99.999 USD | 600 USD | 0,50% | 0,50% |
| 100.000 - 149.999 USD | 700 USD | 0,50% | 0,50% |
| EUR Balance | Demand Deposit Balance | Welcome Interest Rate (for the initial 90 days) * | Standard Interest Rate (for 91st day and thereafter) * |
| 5.000 - 34.999 EUR | 400 EUR | 0,25% | 0,25% |
| 35.000 - 74.999 EUR | 500 EUR | 0,25% | 0,25% |
| 75.000 - 125.000 EUR | 600 EUR | 0,25% | 0,25% |
| GBP Balance | Demand Deposit Balance | Welcome Interest Rate (for the initial 90 days) * | Standard Interest Rate (for 91st day and thereafter) * |
| 3.000 - 24.999 GBP | 300 GBP | 0,25% | 0,25% |
| 25.000 - 49.999 GBP 400 GBP | 400 GBP | 0,25% | 0,25% |
| 50.000 - 100.000 GBP | 500 GBP | 0,25% | 0,25% |
Interest rates given in the tables are determined as gross rates on yearly basis, and the related interest rates are applied on the amount, except for the balance left in the demand deposit account.
Our Bank will have the right to change and adjust interest rates and amount intervals according to the changing market conditions.
Features
- Güldüren Savings Account may be opened in TRY, USD, EUR and GBP currencies. Only one account may be opened in each currency (TRY, USD, EUR and GBP).
- Güldüren Savings Account may be opened only in the name of real persons. It cannot be opened for joint accounts and children’s accounts.
- With a Güldüren Savings Account, you can execute all and any banking transactions normally done with your demand deposit TL, USD, EUR and GBP accounts.
- As a Güldüren Savings Time Deposit Account will have the characteristics of an overnight time deposit account, the number of its term days will be 1 day.
- No lower limit is applied for opening of a Güldüren Savings Account.
- The account operates as a demand deposit account in the daytime, and the full amount of its balance is left in the demand deposit account.
- At nights between 21:00 and 05:00 hours, a part of your account balance is left in the demand deposit account, and the remaining balance is transferred to the time deposit account accruing overnight interest.
- Minimum amount required to be kept in the account to earn interest is respectively TL 2,000, USD 500, EUR 500 and GBP 500 for each of these currencies.
- Depending on your saving amount and currency, the portion of your account balance to be left in the demand deposit account varies, as detailed in the table given above.
- Maximum amount you may invest in the Güldüren Savings Account Time Deposit Account is respectively TL 1,000,000, USD 150,000, EUR 125,000 and GBP 100,000 for each of these currencies. The amounts above these limits remain in your demand deposit account, and no interest is accrued and paid for those amounts.
- *Güldüren Savings Account Welcome Deposit Interest Rate is valid for 90 days following the initial opening date of account. During this time, Welcome interest rate may change downwards or upwards depending on market conditions. After the end of initial 90 days, the account is subject to our Bank’s standard Güldüren Savings Account time deposit interest rates. As your time deposit account will be subject to overnight interest rate, interest rates may vary on daily basis.
- Account opening and closing transactions are required to be executed via our branches and internet banking system, and except for account opening and closing transactions, your account may be used via our ATMs. In order to link the main account of your bank card to your Güldüren Savings Account, you may use our internet banking and Burgan Mobile or contact our Call Center.
- Within the time interval (21:00 – 05:00) your account balance is invested in the Time Deposit Account, maximum amount of a banking transaction at once out of the Güldüren Savings Account will be equal to the portion of your balance kept in your demand deposit account. In case of any needs in excess of this amount, you may easily use your balance by executing transactions more than once *.
- Overdraft Deposit Account limit cannot be identified to a Güldüren Savings Account.
*Amounts and numbers of days to be applied may, if deemed necessary, be changed by the bank by considering the then-current market conditions.
Frequently Asked Questions
You may open an account via our branches and internet banking.
There is no fee / commission charged for a Güldüren Savings Account.
There is no lower limit for opening of a Güldüren Savings Account.
To earn interest, Güldüren Savings Account must contain the minimum balance specified in the above table depending on the currency you have and your total balance.
For the accounts that reach the required balance, the specified part of the balance is left in the demand deposit account and overnight interest rate continues to accrue for remaining amount.
With a Güldüren Savings Account, you can execute all and any banking transactions normally done with your TL, USD, EUR and GBP demand deposit accounts.
It is valid for 90 days after the initial account opening date. During such period, welcome interest rate may change up or down, depending on the market conditions.
For each currency, Welcome interest rate is available only once and during the initial account opening.
Each account opened in different currencies benefits the welcome rate.
Güldüren Savings accounts in different currencies can be opened at different times.
Any amount received on the Güldüren Savings Account after 17:00 during weekdays, on weekends or holidays remain in the demand deposit account until the first business day following such date. Then the amount is transferred to the time deposit account during working hours on the first business day.
No overdraft account can be linked to the Güldüren Savings Account.
Only one account can be opened in each currency (TRY, USD, EUR and GBP). In such case, total number of Güldüren Savings Accounts that can be opened for a client is maximum 4.
You may easily close your Güldüren Savings Account through branches and internet banking.