FX-linked Structured Deposit Account

No matter what happens to the exchange rate, you be the one who earns!
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FX-linked (Foreign Currency-linked) Structured Deposit Account, from Garanti Investment Expert. If you are investing your existing savings in time deposits but want to obtain more returns the fluctuations in the foreign exchange rates, the FX-linked Structured Deposit Account is at your service. With this deposit account that is linked to the fluctuations in the foreign exchange rates, you earn interest even if your anticipation turns out to be inaccurate, and earn under any circumstances.

Structured Deposit Account Linked to the depreciation of USD: 

If you anticipate that the USD will depreciate against the TL in the upcoming period, this account is for you. If the USD/TL exchange rate on the index closing date;

  • is lower than the rate on the index opening date, in addition to the minimum interest rate specified at the time of the account opening, you also earn a portion of the floating interest rate based on the yield of the index.
  • is higher than the rate on the index opening date, you maintain your principal and earn the minimum interest. 

Structured Deposit Account Linked to the appreciation of USD:

If you anticipate that the USD will appreciate against the TL in the upcoming period, this account is for you. If the USD/TL exchange rate on the index closing date;

  • is higher than the rate on the index opening date, in addition to the minimum interest rate specified at the time of the account opening, you also earn a portion of the floating interest rate based on the yield of the index.
  • is lower than the rate on the index opening date, you maintain your principal and earn the minimum interest. 

Structured Deposit Account Linked to the decline in the Euro/USD parity:

If you anticipate that the Euro/USD parity will decline in the upcoming period, this account is for you. If the USD/TL parity on the index closing date;

  • is lower than the rate on the index opening date, in addition to the minimum interest rate specified at the time of the account opening, you also earn a portion of the floating interest rate based on the yield of the index.
  • is higher than the rate on the index opening date, you maintain your principal and earn the minimum interest.

Structured Deposit Account Linked to the increase in the Euro/USD parity:

If you anticipate that the Euro/USD parity will decline in the upcoming period, this account is for you. If the USD/TL parity on the index closing date;

  • is lower than the rate on the index opening date, in addition to the minimum interest rate specified at the time of the account opening, you also earn a portion of the floating interest rate based on the yield of the index.
  • is higher than the rate on the index opening date, you maintain your principal and earn the minimum interest.
  • Features and Benefits
    • The account is opened in USD.
    • The lower limit to open an account is USD 5.000.
    • The minimum term is 6 months.
    • The stoppage rate applied over the return at maturity is 15%.
    • For foreign currency linked accounts TCMB FX selling rate, for parity linked account
    • TCMB cross exchange rate is used.
    • If you lock in the interest rate, the yield of the index is calculated over the USD/TL exchange rate in effect on the date the interest rate is locked for orders placed before 14:00, and over the USD/TL exchange rate in effect the next day for orders placed after 14:00.
    • If you lock in the interest rate, the yield of the index is calculated over the parity (Euro/USD) in effect on the date the interest rate is locked for orders placed before 14:00, and over the parity (Euro/USD) in effect the next day for orders placed after 14:00.
  • Interest Rates
    Product Name Index Index Name Index Explanation Currency Minimum Interest Rate Fixed Maturity Period(Days) Fixed Maturity Date Last Opening Date Product Explanation

    Rates and Fees are currently being updated. Please try again later.

  • Sample Return Collection

    Account Opening Date: 02.01.2008

    Amount USD 10.000
    Opening Commission % 1 (=100 USD)
    Term 6 months (181 days)
    Participation Ratio 60 %
    Minimum Interest Rate 1,00 %
    Starting Date of the Term / Opening Date of the Index: 03.01.2008

    • The account starts earning interest.
    • In the calculation of the "index return", the daily TCMB FX selling rate of USD/TL (e.g.: 1,18) is taken as the "index opening value".

    Closing Date of the Index: 01.07.2008


    In the calculation of the index return, the daily TCMB FX selling rate of USD/TL (e.g.: 1,15) is taken as the "index closing value".

    Index Return

    = (Index Opening Value / Index Opening Value - 1)
    = (1,18/1,15-1)
    = 2,61 %

    Participation Ratio = 60 %
    Floating Interest Rate = (Index Return x Participation Ratio x Number of Days in Year / Term)
    = (2,61 % x 60 % x 366 / 181)
    = 3,17 %
    Minimum Interest Rate = 1,00 %
    Ultimate Interest Rate = Floating Interest Rate + Minimum Interest Rate
    = 3,17 % + 1,00 %
    = 4,17 %
    Gross Interest Income

    = Starting Amount x Ultimate Interest Rate x Term / Number of Days in Year
    = 10.000 x 4,17 % x 181 / 366
    = USD 206

    Net Interest Income = Gross Interest Income x 0,85*
    = 206 x 0,85
    = USD 175

    * The stoppage rate that will be applied over the return at maturity is 15%.

    Maturity Date:02.07.2008

    • It's the maturity date of the account.
    • The principal (USD 10.000), the ultimate interest income (USD 175) and the deposit opening commission amount (USD 100) are automatically transferred to the linked current account specified at the time of the account opening.

    The participation ratio, the minimum interest rate and the opening commission stated above are provided for exemplary purposes and may not reflect the current values. You can find out the current ratios of our existing products from Garanti branches.

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