Fixed Terms Deposits are suitable for both Business and Personal customers who have surplus funds to invest secure in the knowledge that they should not need to withdraw such funds during the period of the contract.
No withdrawals are permitted during the Fixed Term of the contract
You can open a Fixed Term Deposit Account with a minimum of £5,000, USD 5,000, EUR 5,000 and TRY 20,000.
You can choose any of the following currencies; Pounds Sterling, US Dollars, Euros or Turkish Liras and for any of the following periods; one month, three months, six months or one year.
We display the current rates of interest in our branches and through our website at “www.turkishbank.co.uk“. New rates will come into force for new fixed term deposits as soon as we display them.
Interest will be calculated on a fixed rate, for the chosen contract.
As an account holder you will be entitled to reduced charges on money transfers to Turkey and Northern Cyprus.
Unless alternative instructions are received from you at least two business days prior to the maturity date of your deposit, the Bank will roll over the deposit for a further period matching that of the maturing deposit with prevailing rate.