Savings Account

Savings Account Interest Rates

Mevduat Oranları 2020-March ENG

In accordance with TRNC Law, “Savings Deposit” accounts for savings opened under this particular name by real persons, which belong to real persons or belong to nonprofit organisations and to nonprofit funds formed via the order of the Law or by the Council of Ministers; the whole of which are not related to any commercial or industrial transactions.

“Savings Deposits” as described above are under Government assurance up to 20,000 EUR (twenty thousand Euros) or its equivalent per each account in line with the Law and as determined by the Central Bank and subject to change, by the Savings Deposit Insurance and Financial Stability Fund.

Our bank does not have any branches abroad and does not accept savings or participation funds from residents or nonresidents on behalf of foreign banks or foreign financial institutions.