Welcome Participation Account

Welcome Participation Account is a type of participation account that offers advantageous profit-sharing returns specifically to our new customers and existing customers who have never opened a participation account before. In this account type, returns are shared between the account holder and Kuveyt Türk within the framework of profit and loss partnership.

What is a Welcome Participation Account 

Welcome Participation Account is a participation account that offers the possibility of advantageous profit share returns. New customers who have become Kuveyt Türk customers within the last 3 months and existing customers who have never opened a participation account before can open a Welcome Participation Account. Welcome Participation Account offers the opportunity for high profit-sharing returns during the first 3-month advantage period after the account is opened. 

New customers can open as many Welcome Participation Accounts as they wish within 3 months of becoming a customer. These accounts are renewed and continue for a 3-month advantage period. After the 3-month advantage period, the balances in the Welcome Participation accounts are automatically transferred to a newly opened standard participation account with the same maturity period. 

Existing customers who have never opened a participation account before and who open their first participation account as a Welcome Participation Account can open a Welcome Participation Account once. This Welcome Participation Account is automatically transferred to a new standard participation account with the same term at the end of the maturity period. 

Features of the Welcome Participation Account

The Welcome Participation Account, specially designed for our new customers who are opening a participation account for the first time and wish to benefit from the advantageous profit-sharing returns, has the following features:

• Welcome Participation Account can only be opened in TL.
• The minimum amount required to open an account is 10.000 TL. 
• Who can open a Welcome Participation Account?
  • New customers who have become Kuveyt Türk customers within the last 3 months,
  • Our existing customers who have not previously opened a participation account. 
• Welcome Participation Accounts can be opened with Daily Profit (2-29 days), Daily (30-90 days), Monthly, and 3-Month maturity options. 
• Within the specified limits, withdrawals can be made without breaking the maturity.
• If a withdrawal is made from the account, the profit share payment will be calculated based on the remaining balance in the Welcome Participation Account at the maturity date.
• The return rate is determined at the end of the maturity period.
• New customers can open as many Welcome Participation Accounts as they wish during the first 3 months of becoming a customer. Welcome Participation accounts that are opened will be renewed during this period unless action is taken to the contrary. After this 3-month period ends, the balance in the Welcome Participation Account is automatically transferred to a newly opened standard participation account with the same term on the maturity date of the account. 
• Customers who have not previously opened a participation account can open a one-time Welcome Participation Account. On the maturity date of the Welcome Participation Account, the balance in this account is automatically transferred to the newly opened standard participation account. 

*The total amount of private current account and participation accounts is under the guarantee of the Savings Deposit Insurance Fund (SDIF) up to 950.000 TL for real and legal persons.

Advantages of the Welcome Participation Account

• You can take advantage of the high profit share benefit offered exclusively to new customers and existing customers who are using the participation account for the first time.
• After the automatic transfer, your savings will continue to accrue interest in a participation account with the same maturity option.
• With various maturity options, you can manage your savings within the timeframe that best suits you. 
• As long as you stay within the specified limits, you can withdraw money from your Welcome Participation Account during the term without breaking the maturity.

For profit-sharing and withholding rates related to the Welcome Participation Account, please refer to the tables below.

Profit-Sharing and Withholding Rates

Profit-Sharing Rates (TL)