Energy Calculator
With EximFinans "Energy Account", you can easily evaluate your savings without tracking maturity.
We invite you to our branches to benefit from the 19.00 “Welcome Interest” of the Energy Account.
What is Energy Calculator?
It is a savings deposit account that processes interest on a daily basis, where you can deposit and withdraw money at any time without loss of interest, and evaluate your savings without tracking maturity.
Energy Account interest rate is determined and updated according to market conditions. Thus, your savings gain value at any time.
You can also perform your EFT/transfer transactions from Energy Account through Internet Banking channels without paying any fee.
While the Energy Account provides maturity freedom for your savings, your time is yours.
Energy Calculator Features:
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The Energy Account is offered as a savings account that works together with a demand deposit account with O/N (overnight) time deposit features.
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Energy Account can be opened in TL and EUR currencies, and only one Energy Account can be opened at the same time in the same currency. You can benefit from welcome interest for each account you open in different currencies.
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The term of the Welcome Interest is 30 days and its validity period begins as soon as the account is opened. Afterwards, with the continuing interest rate, your savings continue to earn interest per night with the Energy Account .
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Energy Account can be opened with zero balance. However, the minimum limit for earning interest income is 10.000 TL/1.000 EUR, and the upper limit is 2.000.000 TL – 500.000 EUR.
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The interest rates to be applied to the Energy Account may vary depending on the date of opening the Energy Account, the currency of the Energy Account , and the range of amounts available in the Energy Account.
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The minimum limit of the relevant foreign currency of the Energy Account balance that provides overnight interest, the demand balances that must be in the TL Energy Account and the current TL account linked to the Foreign Currency Energy Account differ. It is included in the Table of Interest Rates
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The demand balance, which varies according to the range of deposits required in the TL Energy Account, will not be monitored in a separate account. However, for Energy accounts to be opened in EURO currency, the Bank will open a TL current account linked to the Energy Account, ex officio, depending on the amount range in the Energy Account.
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If the current balance in the TL Energy Account and Foreign Currency falls below the demand balance linked to the Energy Account, which varies according to the amount range in the Energy Account, no interest will be charged to the Energy Account.
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If there is no balance required in the current TL account linked to the Foreign Currency Energy Account, the automatic transfer from the Foreign Currency Energy Account will be carried out within the conditions determined by the bank, in order to complete the balance of the demand TL account, within the conditions determined by the Bank, to the amounts specified in the Table of Interest Rates.
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The interest amount to be charged to the Energy Account, the interest rate to be applied is calculated for one (1) day and the Withholding Tax (Tax Deduction) is applied at the rate specified in the legislation over the interest income earned.
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The amounts deposited to the account before 16:00 on working days are taken into account with the value of that day, and the amounts deposited after 16:00 are taken into account with the value of the next day.
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EFT and money transfer transactions (except for foreign currency transfers) to be made through the EximFinans Internet Banking channel are free of charge.