What is the interest rate?
One Year Fixed Bond Contract gives a competitive rate of interest on balances of £5,000 and above. Click for interest rates.
What are the benefits of a One Year Fixed Term Bond Contract?
A One Year Fixed Term Bond Contract is ideal if you do not need immediate access to your funds and would like a higher rate of interest than is available with our other accounts. Benefits include:
- A consistently high rate of interest
- Minimum balance £5,000.
How does a One Year Fixed Term Bond work?
Your first investment should be by a personal cheque payable to the name/s of the account to be opened by Turkish Bank (UK) Ltd.) or a transfer from your existing UK personal Bank or Building Society account. In addition we will require your signed Application Form.
This is a limited offer and prior to the opening of an account, we have the right to change the fixed rate of interest depending on the prevailing market conditions. We will however contact you if our rate is changed within one month after we have issued an application pack and before acceptance of your deposit.
We offer banking by post as well as face to face at all of our branches. If you require further information or an Application Form to be sent to you, please telephone our friendly staff on 0800 0320480, 9 am to 5 pm, Monday to Friday.
To contact us by post please write to us at:
Turkish Bank (UK)
84-86 Borough High Street
London SE1 1LN
If you are an existing customer please quote your account number to help us assist you with your request.
How to make a deposit?
You can deposit initial and additional funds with us by:
Can we open a Joint Account without the other person?s knowledge
Yes if required, we will open the account for you as a joint account. Your instructions will apply to all future accounts you open in all names unless you specifically tell us otherwise.
A joint account means:
How to withdraw at maturity?
Payments will be made either by Electronic Funds Transfer direct to your nominated Bank or Building Society account (the Application Form asks you to provide your nominated account details) or by bankers draft drawn in your name. Instructions to pay money to a third party cannot be accepted for security reasons.
To withdraw funds from your account at maturity:
We must receive instruction to repay the deposit at least 5 business days before the maturity date. If instructions are not received by this time, the amount of the deposit and accrued interest will be renewed automatically for a further similar period upon the same terms and conditions as previously agreed at our interest rate prevailing at the time.
When do I receive a statement?
Confirmation of contract will be provided to you within 10 business days of the date of commencement.