NET Account

Account Opening Amount: It refers to the opening amount specified for the account.

Term: Daily. The term automatically extends on a daily basis as long as the account is not closed.

Value Date: None. Interest accrues daily on the balance as of the account opening date.

Interest Rate:

• Daily Interest: At the time of account opening, the interest rate valid for the account selected is fixed throughout the saving period. Throughout the term, the account automatically extends at the fixed rate on a daily basis.

• Additional Interest and Conditions of Interest Accrual: At the time of account opening, the interest rate valid for the account selected is fixed. At the maturity of the saving period, if the target saving amount is reached, additional interest is accrued on the account.
  

Standing Payment: Standing payment amounts are different for each account. The monthly payment amounts specified for the accounts are lower limits, and payment orders above these amounts can be placed.

Standing payments are collected from your selected TL current account or credit card on a monthly basis. If you don’t have a sufficient balance in your account at the relevant date, partial collection is performed. The lower limit for partial collection is 50 TL. Partial payments cannot be made from a credit card.

Money Deposit and Withdrawal: Money can be deposited to or withdrawn from the account anytime.

Saving Period: Saving end date is determined by adding the standing payment period to the first standing payment date.

Net Income: It is the sum of daily interest and additional interest income. The net income of the account may be different from the net income specified for the account according to the opening and standing payment amounts determined at the time of account opening, standing payment date, and the first standing payment date. Additionally, the net income may change in the cases specified below:

• If money is withdrawn from the account during the saving period, the net income of the account will decrease.

• If the specified monthly standing payments are not made or made partially, the net income of the account will decrease.

• If money is deposited to the account apart from the standing payment dates and amounts, the net income of the account will change.
  

Garanti BBVA Mortgage offers you a mortgage contract triple the amount of your savings: When you choose the 24-month saving package, you can easily obtain a mortgage up to triple the amount of your NET account savings from Garanti BBVA Mortgage.*

Account Closure: The product extends on a daily basis unless the total amount in the account is withdrawn or the account is closed. The account will not be closed in case of partial money withdrawal or deposit.

Maturity Date: The accounts that have matured will not be closed, and will continue to accrue daily interest. In accounts that have matured, additional interest is not offered as of the maturity date.

Variance of net income: If, during the saving period, the customer has withdrawn money from the account, deposited money to the account apart from the opening and standing payment dates and amounts, failed to make standing payments or paid them partially, and has not determined the first standing payment date to be 30 days after the advance payment date, the income that will be obtained will be different from the net income specified.

A Sample NET Account with 12-Month Package and Payment of 500 TL:

• Opening Date: 01.01.2021

• Opening Amount: None

• Standing Payment Amount: 500 TL

• Standing Payment Start Date: 01.02.2021 (start date + one month)

• Account Maturity Date: The account accrues daily interest until 01.02.2022. On 01.02.2022, the account will be checked to determine whether or not the total target saving amount in the account is equal to at least the sum of the standing payments amounts for the additional interest accrual decision.

• Target Saving Amount: (500 * 12) = 6,000 TL. Total saving reaches 6,400 TL including the additional interest accrual.

• Account Net Income: 400TL

• Total Saving: 6,400 TL

*At the time of loan application, the bank has the right to not approve the loan for customers that do not conform to credit evaluation.

Account Opening Amount: It refers to the opening amount specified for the account.

Term: Daily. The term automatically extends on a daily basis as long as the account is not closed.

Value Date: None. Interest accrues daily on the balance as of the account opening date.

Interest Rate:

• Daily Interest: At the time of account opening, the interest rate valid for the account selected is fixed throughout the saving period. Throughout the term, the account automatically extends at the fixed rate on a daily basis.

• Additional Interest and Conditions of Interest Accrual: At the time of account opening, the interest rate valid for the account selected is fixed. At the maturity of the saving period, if the target saving amount is reached, additional interest is accrued on the account.
  

Standing Payment: Standing payment amounts are different for each account. The monthly payment amounts specified for the accounts are lower limits, and payment orders above these amounts can be placed.

Standing payments are collected from your selected TL current account or credit card on a monthly basis. If you don’t have a sufficient balance in your account at the relevant date, partial collection is performed. The lower limit for partial collection is 50 TL. Partial payments cannot be made from a credit card.

Money Deposit and Withdrawal: Money can be deposited to or withdrawn from the account anytime.

Saving Period: Saving end date is determined by adding the standing payment period to the first standing payment date.

Net Income: It is the sum of daily interest and additional interest income. The net income of the account may be different from the net income specified for the account according to the opening and standing payment amounts determined at the time of account opening, standing payment date, and the first standing payment date. Additionally, the net income may change in the cases specified below:

• If money is withdrawn from the account during the saving period, the net income of the account will decrease.

• If the specified monthly standing payments are not made or made partially, the net income of the account will decrease.

• If money is deposited to the account apart from the standing payment dates and amounts, the net income of the account will change.
  

Garanti BBVA Mortgage offers you a mortgage contract triple the amount of your savings: When you choose the 24-month saving package, you can easily obtain a mortgage up to triple the amount of your NET account savings from Garanti BBVA Mortgage.*

Account Closure: The product extends on a daily basis unless the total amount in the account is withdrawn or the account is closed. The account will not be closed in case of partial money withdrawal or deposit.

Maturity Date: The accounts that have matured will not be closed, and will continue to accrue daily interest. In accounts that have matured, additional interest is not offered as of the maturity date.

Variance of net income: If, during the saving period, the customer has withdrawn money from the account, deposited money to the account apart from the opening and standing payment dates and amounts, failed to make standing payments or paid them partially, and has not determined the first standing payment date to be 30 days after the advance payment date, the income that will be obtained will be different from the net income specified.

A Sample NET Account with 12-Month Package and Payment of 500 TL:

• Opening Date: 01.01.2021

• Opening Amount: None

• Standing Payment Amount: 500 TL

• Standing Payment Start Date: 01.02.2021 (start date + one month)

• Account Maturity Date: The account accrues daily interest until 01.02.2022. On 01.02.2022, the account will be checked to determine whether or not the total target saving amount in the account is equal to at least the sum of the standing payments amounts for the additional interest accrual decision.

• Target Saving Amount: (500 * 12) = 6,000 TL. Total saving reaches 6,400 TL including the additional interest accrual.

• Account Net Income: 400TL

• Total Saving: 6,400 TL

*At the time of loan application, the bank has the right to not approve the loan for customers that do not conform to credit evaluation.