Time Deposit Accounts
Choose İktisatbank’s Time Deposit Account for Advantageous Interest Rates
By selecting the Time Deposit Account product that best suits your needs, you can grow your savings profitably, securely, and without risk through attractive interest rates.
With a Turkish Lira or Foreign Currency Time Deposit Account offering the most competitive and profitable interest rates in the TRNC, you can secure your earnings without being affected by daily market fluctuations.
How to Apply?
If you do not yet have an account with Kıbrıs İktisat Bankası Ltd., simply visit your nearest branch with a valid identity document and proof of address to open an Interim Interest Payment Time Deposit Account.If you do not yet have an account with Kıbrıs İktisat Bankası Ltd., simply visit your nearest branch with a valid identity document and proof of address to open an Interim Interest Payment Time Deposit Account.Alternatively, you can open a new Interim Interest Payment Time Deposit Account conveniently through Internet Banking. For detailed information and assistance, you may visit your nearest branch or contact our Telephone Banking service at +90 (392) 444 4444.
- Enjoy higher interest rates when opening your Time Deposit Account via Internet Banking or Mobile Banking compared to in-branch rates.
- Choose from maturity options of 1, 3, 6, or 12 months.
- At the end of the term, you will receive your principal amount along with the accrued interest.
- Unless instructed otherwise, your Time Deposit Account will automatically renew at maturity for the same term and at the prevailing interest rates.
- You can calculate the potential interest earnings of your Time Deposit Account using the Time Deposit Calculator available on the İktisatbank website.
Alternative Time Deposit Option
Designed for customers who prefer medium-term investments and wish to avoid the negative impact of interest rate fluctuations, our Interim Interest Payment Time Deposit product offers the assurance of a fixed return throughout the term.
With this account, you can receive regular interest payments at predetermined intervals before maturity, and use this income for your banking transactions or other needs.
Additional Features:
- Offers terms of up to two years, combining the benefits of both short- and long-term accounts.
- Available in Turkish Lira, EUR, USD, and GBP.
- Provides regular income similar to a salary, with interest payment options every month, every 3 months, every 6 months, or annually even for 1- or 2-year terms.
- Receive regular interest income before maturity according to your chosen interim payment schedule, with amounts credited directly to your demand deposit account.
- You may withdraw the interest income for your needs or use it for other banking transactions.
- In the event of early closure, the account will earn interest at the prevailing demand deposit rate, and any interest paid during the term will be deducted from the principal amount.