With this account, you can enjoy higher dividends and lower taxes! Accounts that provide higher yields in the long term are ideal for participants. If you want to evaluate your investments in a product with a maturity period of up to one year, you can choose Interim Dividend Payment Accounts.
What Is an Interim Dividend Payment Account?
Interim Dividend Payment Accounts are the go-to choice of those who seek lower taxes and higher yields. This account type includes two different sub-segments according to the opening balance: investment and alternative investment.
Features of Accounts with Interim Dividend Payments
The main features of Interim Dividend Payment Accounts are:
- Accounts can be opened with a maturity of 372 days.
- Depending on the participant's preference, dividend payments can be made in 1, 3, or 6 monthly installments. If you wish, you can also choose the account option with end-of-term payment.
- You can make 2 withdrawals in a maturity period or up to 50% of the opening balance of your account.
- In case of violation of at least one of the rules regarding withdrawal, 50% of the gross profit share given by Kuveyt Türk is taken back in accordance with the legal regulations.
- The profit share in the interim period can be transferred to your current account or Profitable Participation Account upon your request.
- The withholding tax rate is low for this long-term, high-yielding account.
- You can deposit money into your account only on maturity dates.
- The rate of return for the account is determined at the end of the term instead of at the beginning.
*Special current accounts and participation accounts are under the guarantee of the Savings Deposit Insurance Fund (SDIF) up to TL 650,000 for real and legal persons.
Account Types with Interim Dividend Payments
Accounts with Interim Dividend Payments can be opened in Turkish lira, US dollar, or euro upon the participant's request. Please see the tables below for the profit-sharing and withholding tax rates applied to the accounts according to the currency:
Account Types and Limits
USD-Euro Interim Dividend Participation Accounts
USD Interim Period Profit Sharing Ratios for Participation Accounts with Dividend Payments (%)
| Opening Balance | Lower Balance | 1 Month (31 Days) | 3 Months (93 Days) | 6 Months (186 Days) | 1 Year (372 Days) | |
|---|---|---|---|---|---|---|
| Alternative | 20,000 | 10,000 | 20-80 | 20-80 | 20-80 | 20-80 |
| Investment | 100,000 | 50,000 | 20-80 | 20-80 | 20-80 | 20-80 |
| Withholding Rate | %25 | %25 | %25 | %25 |
EURO Interim Period Profit Sharing Ratios for Participation Accounts with Dividend Payments (%)
| Opening Balance | Lower Balance | 1 Month (31 Days) | 3 Months (93 Days) | 6 Months (186 Days) | 1 Year (372 Days) | |
|---|---|---|---|---|---|---|
| Alternative | 20,000 | 10,000 | 20-80 | 20-80 | 20-80 | 20-80 |
| Investment | 100,000 | 50,000 | 20-80 | 20-80 | 20-80 | 20-80 |
| Withholding Rate | %25 | %25 | %25 | %25 |
Advantages of Interim Dividend Payment Accounts
Accounts with Interim Dividend Payment are noteworthy not only for their features but also for the advantages they offer to their participants. You can increase the return you earn through your account even further with the Profitable Participation Account.
So, what exactly is a Profitable Participation Account?
- Dividends from investment and alternative investment accounts are revalued in a new participation account.
- The profit-sharing rate and currency denomination of this account are the same as the associated account.
- It is not possible to deposit money into the account until the maturity date, nor is it possible to withdraw money from the account.
- If you break the main account, the same procedure is applied to the Profitable Participation Account.
How Can I Apply for Interim Dividend Payable Accounts?
It is easy to apply for Interim Dividend Payment Accounts! Make your application quickly via Kuveyt Türk Mobile or Internet Branch. You can also benefit from the advantageous features of this account through your nearest Kuveyt Türk branch.
Apply now for Interim Dividend Payment Accounts and enjoy the advantage of high returns in the long term!