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Basket Account

Basket Account

Kuveyt Türk launches Basket Account for those who want to improve their savings in two different investment instruments at the same time!

If you are looking for a new way that will allow you to earn higher returns by diversifying your investment channels, meet the Basket Account. With the Kuveyt Türk Basket Account, you can increase a part of your savings with an advantageous profit share rate. You can invest the rest of your money in an investment fund exclusive to this account.

About Basket Account

The Basket Account is offered to Kuveyt Türk customers who aim to get more advantageous returns by diversifying their investments. Customers who prefer this account enjoy the opportunity to invest their savings in two different investment instruments at the same time. By choosing the Basket Account, you can benefit from the advantages of the Participation Account and the investment fund at the same time.

How to Open a Basket Account

Customers from all over the world can open a Kuveyt Türk Basket Account. All domestic and foreign Kuveyt Türk customers can select this account in order to diversify their investments. It is sufficient to be 18 years old and above to open a Basket Account.

If you are not a customer yet, you can visit our Become a Kuveyt Türk Customer page to check out the steps to become a customer and then open a Basket Account to get advantageous returns.

Details on Basket Account

Still have questions about opening a Basket Account? Then, take a closer look at the unique features of this account. The details of the Basket Account are as follows:

  • The Basket Account can only be opened in TRY.
  • At account opening, you can choose any term option, either monthly or in the range of 32-91 days.
  • The account opening limit (Participation Account and Investment Fund total) is 10,000 TRY.
  • A participation account with a profit share rate of 90/10 is opened with half of the Funded Basket Account balance.
  • With the remaining half of the balance, the Basket Account Money Market Participation Fund (ZAY), exclusively created for this account by KT Portföy, is purchased.
  • If the Basket Account is opened before 12:30 on weekdays, the investment fund is purchased instantly. For accounts opened in the afternoon or on weekends, fund purchases are made when the trading day begins.
  • The profit from the balance in the Participation Account is transferred to the funded basket account on the term date. The term of the account is renewed simultaneously with this transaction.
  • The profit from the investment fund is added to the fund balance on a daily basis. You can easily get information about the current fund balance and the earned profit by clicking the Investment -> My Portfolio menu on the Kuveyt Türk Mobile.
  • The Funded Basket Account can be closed before the term date. In this case, no profit share is paid. However, since there is a daily valuation for the amount in the Investment Fund, the profit earned as of the account opening date is paid.
  • Money cannot be deposited into the Funded Basket Accounts except when opening the account. You can open a new Funded Basket Account for the additional amount you want to deposit.
  • Partial withdrawals cannot be made from the participation account linked to the Funded Basket Account before maturity. In case of withdrawal from the balance in the participation account, the account will be terminated, the balance will be transferred to the checking account and the ZAY funds will be sold and transferred to the investment account with the profit. Money can be withdrawn from the ZAY fund linked to the Funded Basket Account at any time. Investment fund sale orders are carried out instantly before noon (12:30) and during the first trading hour at afternoon.
  • Partial withdrawals cannot be made from the participation account balance and money can only be withdrawn from the ZAY fund balance without exceeding the lower limit.
    • In case of a partial withdrawal from the participation account balance linked to the Funded Basket Account, the account will be terminated, the balance will be transferred to the checking account and the ZAY funds linked to the relevant basket account will be sold and transferred to the investment account with the profit. 
    • In case the ZAY fund balance falls below 5,000 TL, all funds will be sold and transferred to the investment account with the profit, and all Funded Basket Accounts will be closed.

Advantages of Basket Account

  • Open a Basket Account with any number of funds without restrictions.
  • Investment Fund buying orders are executed instantly before 12:30 and at the first trading hour in the afternoon.

The details to be considered regarding the remaining limit after withdrawal are as follows:

  • If the total balance falls below 5,000 TRY, the account will be closed. The remaining balance and all ZAY funds are sold and transferred to the current account with the profit.

Channels to Apply for Basket Account

In order to benefit from the Basket Account advantages, you can get information from Kuveyt Türk branches during working hours.

Do not miss the opportunity to earn more lucrative returns with the Basket Account, which features two different investment instruments. Choose the most suitable application channel to open your account now!