Goto Menu Goto Content

Accounts

Cards

Loans

Digital Products

Capital Protected Deposit Account

When using your investments in different markets, keep your principal safe with the Protected Deposit Account!

General Information

All investors, small or large, often face uncertainties on the index and fluctuations in exchange rates while DenizBank customers never have to worry about them!  If you want to make a profit on gold, stock market or foreign exchange, you can continue your investments without being harmed by the negative fluctuations of the exchange rate and index. If the exchange rate and index in the term are above the value you started with, your earnings increase. Otherwise, your principal is protected and does not melt away. DenizBank offers various protection products for the risks that may arise if the exchange rate or index rises or falls in accordance with market conditions. 

For example, when you have a protected FX deposit account, your principal is under guarantee in the event that the foreign exchange subject to the deposit has lost its value compared to the other currency. In a protected deposit indexed to the USD - TL exchange rate, your money will not melt away in the case of the USD weakening against the TL when the term expires. If the USD rises against the TL at the end of the term, your earnings will appear in your account. The amount you lose otherwise will be covered by DenizBank. When you want to change your money at the end of the term, your money is traded at the same exchange rate as the one on the day you deposited the money at the beginning of the term. Similarly, protected gold deposit accounts are products only focused on making a profit. When the gold gram value increases, you will have extra earnings. Otherwise, you will protect your principal and avoid the risk of loss.

Frequently Asked Questions

What Types of DenizBank Protected Deposit Accounts Are There?

  • Protected FX Deposit Account: Provides protection against the risk of possible fluctuations in the exchange rate due to political or economic reasons. At the end of the term, you will be eligible to receive the loss due to the exchange rate as deposit interest at the pre-determined return share ratio, even if the exchange rate fluctuates.
  • Protected Stock Exchange Deposit Account: Provides protection against the risk of possible fluctuations in the index due to political or economic reasons. At the end of the term, you will be eligible to receive the loss due to the index as deposit interest at the pre-determined return share ratio, even if the BIST index fluctuates.
  • Protected Gold Deposit Account: Provides protection against the risk of possible fluctuations in the gold index due to political or economic reasons. At the end of the term, you will be eligible to receive the loss due to the index as deposit interest at the pre-determined return share ratio, even if the gold index fluctuates.

What Are the Features of DenizBank Protected Deposit Accounts?

  • Protected deposit accounts are opened in 6 or 12-month terms, regardless of the stock exchange, foreign exchange or commodity. 
  • The types of protected deposit accounts in various index types periodically determined by DenizBank are announced to investors through branches.
  • The currency may vary depending on the type of periodic index. A protected deposit account can be opened in TL, EUR or USD.
  • The withholding tax is deducted from the yield to maturity. The deduction of withholding is 12% for TL term deposits and 15% for FX deposits from 6 months to 1 year, 10% for TL deposits and 13% for FX deposits in more than 1-year terms.
  • In term deposit accounts, 150,000 TL is protected under the guarantee of SDIF (Savings Deposit Insurance Fund). 

How Do I Open a DenizBank Protected Deposit Account?

In order to have a protected deposit account at DenizBank, you must follow the announcements of our bank and apply by coming to the nearest branch during the announcement period. In addition, you can get detailed information about the content and conditions by contacting our customer representatives in our Contact Center.