If you are looking for an account type that is exceptionally fast to open and advantageous, you’re in the right place! You can invest your savings with the advantage of high returns through a Digital Participation Account.
About Digital Participation Account
Digital Participation Account is an account type based on the principle of profit-loss partnership between you and Kuveyt Türk. The most crucial difference between this account type and its standard counterparts is that it offers accountholders an advantageous profit share rate. In addition, the application process takes only a few minutes. You can also choose different currencies when opening your Digital Participation Account.
How to Open a Digital Participation Account
To open a Digital Participation Account, which allows you to benefit from a high-profit share rate, you must be over 18 years old and a Kuveyt Türk customer. Do not worry if you are not a Kuveyt Türk customer! Visit our Become a Kuveyt Türk Customer page and check out the steps to become a customer.
Details on Digital Participation Account
The main features of the Digital Participation Account, which appeals to those who want to save effectively with the advantage of a high-profit share rate, are as follows:
- When opening a Digital Participation Account, you can choose from five account options: Classic, Silver, Gold, Platinum, and Platinum+.
- The minimum amount required to open an account is 250 TRY, EUR, or USD.
- As of 04/12/2020, a Digital Participation Account is created automatically for applications made through the Kuveyt Türk Mobile or Internet Branch.
- The return rate is determined at the end of the term instead of the beginning of the term.
- Withdrawals can be made from the account without breaking the term as long as the limits are not exceeded.
- If withdrawals are made from the account, the profit share payment is made over the remaining balance on the term date.
- Turkish lira accounts benefit from advantageous share rates of up to 95-5%.
Please see the tables below for details on profit share and withholding tax rates by account type.
Profit Share and Withholding Tax Rates for TRY Accounts
| Account Type | Opening Balance | Minimum Balance | 1-Month (30-31 Days) |
3-Month (32-91 Days) |
6-Month (92-180 Days) |
1-Year (181-364 Days) |
Longer than 1-Year |
|---|---|---|---|---|---|---|---|
| Classic | 250 | 250 | 85-15 | 86-14 | 88-12 | 88-12 | 88-12 |
| Silver | 25,000 | 15,000 | 87-13 | 88-12 | 91-9 | 91-9 | 91-9 |
| Gold | 100,000 | 75,000 | 90-10 | 91-9 | 93-7 | 93-7 | 93-7 |
| Platinum | 500,000 | 375,000 | 92-8 | 93-7 | 94-6 | 94-6 | 94-6 |
| Platinum+ | 1,250,000 | 1,000,000 | 94-6 | 94-6 | 95-5 | 95-5 | 95-5 |
| Withholding Tax Rates (01/05/2024-31/07/2024) | 7,5% | 7,5% | 7,5% | 5% | 2,5% | ||
| Withholding Tax Rates | 15% | 15% | 15% | 12% | 10% |
Profit Share and Withholding Tax Rates for EUR and USD Accounts
| Account Type | Opening Balance | Minimum Balance | 1-Month (30-31 Days) |
3-Month (32-91 Days) |
6-Month (92-180 Days) |
1-Year (181-364 Days) |
Longer than 1-Year |
|---|---|---|---|---|---|---|---|
| Classic | 250 | 250 | 20-80 | 20-80 | 20-80 | 20-80 | 20-80 |
| Silver | 50,000 | 35,000 | 20-80 | 20-80 | 20-80 | 20-80 | 20-80 |
| Gold | 250,000 | 175,000 | 20-80 | 20-80 | 20-80 | 20-80 | 20-80 |
| Platinum | 750,000 | 600,000 | 20-80 | 20-80 | 20-80 | 20-80 | 20-80 |
| Platinum+ | 1,500,000 | 1,250,000 | 20-80 | 20-80 | 20-80 | 20-80 | 20-80 |
| Withholding Tax Rates | 25% | 25% | 25% | 25% | 25% |
Channels to Apply for Digital Participation Account
You can open a Digital Participation Account within minutes and ensure your savings grow rapidly. You can use Kuveyt Türk Mobile or Internet Branch using your smartphone or tablet to open an account.
Complete the steps to open a Digital Participation Account now and start growing your savings!