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Short-Term Flexible Time Account

With the Short-Term Flexible Time Account, it is very easy to cover urgent cash needs throughout the term of the account!

Open a Short-Term Flexible Time Account right away, and benefit from favorable interest rates, even after you withdraw cash.

  • Favorable interest rates,
  • Term options from 1 month to 1 year,
  • Available to withdraw cash for urgent needs,
  • Available for currencies of TRY, USD and EUR,
  • The feature of earning interest over the amounts withdrawn before the maturity date.

Features of the Short-Term Flexible Time Account

  • You can set a term for the Short-Term Flexible Time Account from 30 to 365 days.
  • You can open the account in the currencies of TRY, USD and EUR.
  • The minimum amount required to open a Short-Term Flexible Time Account is TRY 10,000, or USD/EUR 2,500.
  • You can withdraw cash for a maximum of 5 times throughout the term of the account.
  • The first withdrawal can be on the 7th day following the term’s start date. As long as the number of total withdrawals do not exceed 5 times, multiple withdrawals can be made on the same day.
  • The interest rate that will be applied to your balance throughout the term will be the interest rate of the account at the opening date. Amounts withdrawn earn interest, using the prevailing withdrawal interest rate on the date of the withdrawal, the applicable term being the period between the value date and the withdrawal date.
  • Money can be withdrawn only at the branches.
  • If you prefer to close your account before the maturity date, interest earned for the previous withdrawals will be deducted from the principal amount.

How can I Open an Account?

You can open a Short-Term Flexible Time Account at QNB  Internet Branch, or at any QNB  Branch.

Frequently Asked Questions

What is the minimum amount required to open a Short-Term Flexible Time Account?

Minimum amount required to open a Short-Term Flexible Time Account is TRY 10,000, 2,500 Euros, or 2,500 US Dollars.

Can I withdraw money from my Short-Term Flexible Time Account any time?

As long as the account balance stays above the minimum limit, you can withdraw money from your Short-Term Flexible Time Account for a maximum number of 5 times throughout the term.

Can I earn interest over the amounts that I have withdrawn?

When you withdraw cash, and make sure that the account balance stays above the minimum limit, the remaining balance will keep the original conditions of interest. Throughout the term of the account, you can withdraw money for a maximum number of 5 times. Amounts withdrawn earn interest, using the prevailing withdrawal interest rate on the date of the withdrawal, the applicable term being the period between the value date and the withdrawal date.

Can I deposit money to my Short-Term Flexible Time Account any time?

If you deposit money to the Short-Term Flexible Time Account before the maturity date, you will not be able to earn interest for this account.

Can I close my Short-Term Flexible Time Account before the maturity date?

If you close your Short-Term Flexible Time Account before the maturity date, you will not be able to earn interest for this account. If you have made early withdrawals and you close the account, the interest earned for those early withdrawals will be deducted from the principal amount.