Euro-Plus Deposit

Do you have money that you can spare for a certain period of time? Would you like to tie up an amount whilst being assured of a fixed interest? Do you also wish to profit from the high interest rates that Yapi Kredi Bank could offer you? If so, Yapi Kredi Bank has the solution for you: the Euro-Plus Deposit.

What are the characteristics?

• Minimum deposit € 2.000,
• Term between 3 and 120 months,
• Fixed interest rate during entire term,
• Interest is paid out annually or at the end of the term,
• Early maturity is only possible in case of death of the account holder,
• Time deposits are automatically extended at maturity with the actual rate,
• Automatically extended deposits can be changed/terminated within 14 days after extension.
  

What are the advantages?

• You always know exactly where you stand,
• You always profit from a high interest,
• Fixed interest rate during entire term,
• You determine the maturity date yourself.

Deposit types

At Yapi Kredi Nederland, you can decide for yourself how you want to receive the interest—annually or at the end of the maturity. We offer two options:

• Euro-Plus Deposit with annual interest payment
• Euro-Plus Deposit with interest payment at the end of the maturity (no interest-on-interest)

The interest calculation for the Euro-Plus Deposits is based on the actual number of days in the term and the actual number of days in the specific year. Below are two examples of deposits with annual interest payment and interest payment at the end of the term:

Example 1

Suppose you open a deposit of €10,000 for 5 years with an annual interest payment at a rate of 3.50%. You will receive €350 annually, which will be paid into your savings and/or reference account each year, for 5 years.

Example 2

Suppose you open a deposit of €10,000 for 5 years with interest payment at the end of the maturity at a rate of 3.85%. You will accumulate €385 annually, which will be paid out after 5 years. In total, you will receive €11,925 at maturity (€10,000 principal + 5 x €385 interest).

How to open a Euro Plus Deposit?

Before opening a Euro-Plus Deposit, you should first open a Euro-Plus Savings account. You can deposit the desired amount into your savings account. In your instruction you must clearly indicate the description/reference. For example, you want a deposit with a two-year term whereby the interest is paid out at the end of the term. You should then indicate: “deposit 2-year end of term”. If the desired amount for a deposit is already in your savings account, you can have it transferred into a Euro-Plus Deposit. You can give your instructions by telephone, e-mail, fax or mail.

Deposit in US Dollar, Turkish Lira and British Pound

It is possible to open deposit in US Dollars, Turkish Lira and British Pound. Current rates are published on our homepage.