What Is Participation Gold Savings Account?
Build substantial long-term savings through affordable payments with our Savings Gold Participation Account.
How Can I Open a Participation Gold Savings Account?
Being a Kuveyt Türk Member is all it takes to open a Participation Gold Savings Account. If you aren't a Kvueyt Türk client yet, you can download Kuveyt Türk Mobile now to become a member today.
All Kuveyt Türk members can open Participation Gold Savings Accounts through Kuveyt Türk Mobile, Internet Branch, or at Kuveyt Türk physical branches.
Participation Gold Savings Account Features
- You can open a Savings Gold Participation Account with a minimum of 50 grams of gold.
- If you wish, you can make payments to your account in 1 or 3-month periods.
- The minimum investment amount is 1 gram of gold.
- Make payments conveniently from your current account or credit card after opening your account.
- You can update the amount of your credit card order at any time.
- You can set the maturity of your account as a minimum of 3 years and a maximum of 10 years.
- You can skip payments up to 5 times during the maturity period.
- You can withdraw money from your account up to 3 times or up to 50% of the principal before maturity.
- The withholding tax rate for the Savings Gold Participation Account is 15%.
Savings Gold Participation Account Sharing Ratios
| Currency | Opening Balance/Minimum Required Balance | Sharing Period (Minimum 3 Years, Maximum 10 Years) |
|---|---|---|
| Gold | 50 | 50% - 50% |
Which Platforms and Channels Can I Use to Open a Savings Gold Participation Account?
Frequently Asked Questions About Savings Gold Participation Accounts
Can I deposit gold in bulk when opening a Savings Gold Participation Account?
Yes, you may deposit gold in bulk when opening a Savings Gold Participation Account.
What happens if I breach the withdrawal terms?
In case of breach of the conditions, you will forfeit 50% of the gross dividends provided up to the withdrawal date.
How much do I earn with a Savings Gold Participation Account?
The Savings Gold Participation Account offers high returns with a 50%-50% sharing ratio.