Yuvam Account in Turkey: Guaranteed Financial Returns for Foreigners and Non-Residents

Yuvam Account is a financial product that's gaining popularity among non-residents looking to invest in Turkey. If you're considering safeguarding your savings while earning extra returns, this video will give you all the information you need. Don't forget to like, subscribe, and hit the bell icon to stay updated!

What is a Yuvam Account?

First up, what exactly is a Yuvam Account? It's a Turkish Lira Time Deposit account designed specifically for non-residents. This account not only protects your savings from exchange rate volatility but also guarantees additional returns. It's a secure way to invest your foreign currency in Turkey, backed by the Central Bank of the Republic of Turkey.

Features and Benefits

Let’s talk about the features and benefits. The Yuvam Account can be opened with currencies like USD, EUR, GBP, and CHF, which are then converted into Turkish Lira. The account comes with a Central Bank guarantee that covers not only the exchange rate risks but also promises an extra return on your investment, depending on the term of your deposit. These terms can vary, offering additional returns up to 6% annually for longer commitments.

How to Open a Yuvam Account

Opening a Yuvam Account is straightforward. You can apply to any bank in Turkey that participates in this scheme. What's more, if you’re not currently in Turkey, many banks offer online services allowing you to open and manage your account remotely, making it convenient for international investors.

Advantages Over Traditional Accounts

One of the significant advantages of a Yuvam Account over traditional bank accounts is the FX principal guarantee and the tax exemption on earnings from these accounts in Turkey. This makes it a highly attractive option for those looking to maximize their returns without worrying about fluctuating exchange rates.

Eligibility and Requirements

Who can open a Yuvam Account? Non-resident individuals and companies can set up a Yuvam Account. You’ll need to provide necessary documentation such as identification and proof of non-residency. Fortunately, the process is simplified through digital banking platforms offered by most Turkish banks.

Why Consider a Yuvam Account?

To wrap up, a Yuvam Account is not just a financial tool; it's a growth opportunity. It supports the Turkish economy while providing substantial benefits to international investors. Whether you're looking to protect your assets from inflation or seeking additional income through secure investments, the Yuvam Account could be your answer.

The End

Thanks for watching our deep dive into the Yuvam Account. If you found this video helpful, please give it a thumbs up and share it with someone who could benefit from this information. Have any questions or want more details? Drop a comment below, and I’ll get back to you. See you in the next video!

Time Codes:
0:00 - Introduction to Yuvam Account
0:27 - What is Yuvam Account?
1:14 - Benefits of Yuvam Account
1:58 - How to Open Yuvam Account?
2:39 - Central Bank of Turkey Guarantee on Yuvam Account
3:13 - Who can open Yuvam Account?
3:41 - Calculation of Returns in Yuvam Account
4:06 - Optimistic Scenario
5:18 - Pessimistic Scenario
6:31 - Conclusion of Yuvam Account
6:57 - The End