A Gold Jewelry Participation Account is a type of account where you can deposit your gold jewelry to enjoy notable savings. When you need cash, you can sell this jewelry instantly at advantageous rates.
How Can I Open a Gold Jewelry Participation Account?
If you are a Kuveyt Türk client, you can use Kuveyt Türk Mobile, Internet Branch, or physical branches to open your Gold Jewelry Participation Account.
If you aren't a Kuveyt Türk client yet, you can download Kuveyt Türk Mobile to become a member today!
Gold Jewelry Participation Account Features
- You can open a Gold Jewelry Participation Account with a minimum of 50 grams of gold.
- With a Gold Jewelry Participation Account, you can enjoy a high-profit share with a 40%-60% share rate.
- At account opening, you can choose any maturity option between 3 months and 1 year.
- You can deposit gold into your account only on the opening date.
- Dividends earned on the maturity dates are transferred to the current account.
- You can sell gold from your account mid-term so the balance does not fall below 50 grams. In this case, the account maturity will not be canceled, and the profit share will be taken from the remaining balance.
- The withholding tax rate for the Gold Participation Account is 15%.
- The 24-carat equivalent of the gold jewelry you bring on Gold Days will be deposited into your account.
- Click here for detailed information about the current Gold Days.
Which Platforms and Channels Can I Use to Open a Gold Jewelry Participation Account?
- Kuveyt Türk Mobile
- Kuveyt Türk Internet Branch
- Kuveyt Türk physical branches
Frequently Asked Questions About Gold Jewelry Participation Accounts
How can I deposit gold jewelry in the bank?
You can deposit your savings in our bank on Gold Days. Alternatively, you can open a Gold Jewelry Participation Account whenever you want and start building your savings.
How can I withdraw gold from a Gold Jewelry Participation Account?
You can withdraw gold at any time as long as your account maintains the minimum balance requirement.
What is the profit-sharing rate for the Gold Jewelry Participation Account?
The profit-sharing ratio for the Gold Jewelry Participation Account is 40% to 60%.
Can I deposit extra gold into my account during the maturity period?
You can deposit gold into the Gold Jewelry Participation Account only on the opening date.