Physical Gold-Indexed Currency-Protected TL Participation Account (FATSİ)

With the Physical Gold-Indexed Currency-Protected TL Participation Account, your under-the-mattress gold maintains its value against exchange rate fluctuations, and with the additional return received at the beginning of the term, your savings become a more profitable investment.

Features:

• The account can be opened by resident individual customers through the Ahlatcı Metal Refinery Gold Savings Model (ATOM) by depositing physical gold via contracted jewelers.
• Gold-based participation fund balances are converted into Turkish Lira at the CBRT's hourly announced gold buying rate between 10:00 and 15:00.
• Based on the amount of converted gold, an additional return calculated annually and according to the account's term is transferred upfront in TL to the customer's account, provided it is not withdrawn before maturity. The CBRT has determined the following annual additional return rates based on maturity:
  - 0% for 3-month accounts
  - 1% for 6-month accounts
  - 2% for 12-month accounts
• The additional return is paid only once at the first account opening by the CBRT and is not paid again for renewed accounts.
• Accounts can be opened with maturities of 3, 6, or 12 months.
• A minimum of 5 grams of gold must be converted to TL to open an account.
• Partial withdrawals are not allowed during the term. Customers can close their account any time on business days.
• If the account is closed before maturity and the CBRT gold buying rate at 11:00 on the withdrawal date is higher than the original conversion rate, no exchange rate difference will be paid by the CBRT.
• If the CBRT buying rate at 11:00 on the withdrawal date is lower than the original conversion rate, the account balance is updated based on the CBRT's rate. No profit share will be applied, and the additional return paid at the opening will be returned to the CBRT by the bank and not paid to the customer.
• Withholding tax rates applied:
  - 15% for 3 and 6 months
  - 12% for 1 year
  - 10% for over 1 year
• In exchange rate change calculations, the difference between the CBRT gold buying rate at 11:00 on the maturity date and the original conversion rate is considered.
• If the exchange rate change amount is lower than the profit share, only the profit share is paid.
• If the exchange rate change is higher, the profit share is paid by our bank, and the difference between the exchange rate change and the profit share is paid by the CBRT in TL. All payments are made to the customer's account in TL.
• Upon customer request, the account can be renewed, up to the amount of gold equivalent to the TL balance at maturity, using the CBRT's gold buying rate announced at 11:00 on the maturity date.
• The account can be opened 24/7, including outside business hours and on holidays. For account openings outside working hours, the most recently announced CBRT 15:00 buying rate is used. On holidays, the rate from the previous business day is used.

To open a Physical Gold-Indexed Currency-Protected TL Participation Account via the Ahlatcı Metal Refinery Gold Savings Model (ATOM):

• First, initiate the account opening request at one of our branches.
• Then, deliver your physical gold to a contracted jeweler of Ahlatcı Metal Refinery A.Ş.
• The authorized jeweler will assess the value of your gold in accordance with the minimum millesimal values set by the BRSA (Banking Regulation and Supervision Agency).
• Your account will be opened automatically via an SMS confirmation code sent to your mobile phone.

Click here to view the list of authorized jewelers in the ATOM system