The most important distinction that sets participation accounts apart from others is that depositors are able to withdraw funds before maturity. Doing so does not change the maturity date of the interest-bearing account. At maturity, participation from profit sharing is added to the amount remaining in the account.
Bank Asya offers 1 month, 3 months, 6 months, and 1 year maturity terms for TL, USD, and EURO profit/loss accounts. At maturity, if we are not advised otherwise, the account will automatically renew its maturity length.
The minimum requirements and maturities of our participation accounts:
|Currency Code||Minimum Required to Open Account||Terms|
|TL||50||1, 3, 6, or 12 months|
|USD / EURO||50||1 month|
|USD / EURO||50||3, 6, or 12 months|