Investing in Turkey can be rewarding and secure, especially for non-resident investors. One of the best options available is the YUVAM Account, designed to offer high returns while protecting against currency fluctuations. These accounts are backed by the Central Bank of Turkey, providing an extra layer of security and peace of mind.

YUVAM Accounts are tailor-made for individuals looking to invest their foreign currency savings in Turkish lira. They provide flexible options with different maturity periods, each promising attractive returns. This investment opportunity is ideal for those seeking a risk-averse approach to growing their savings while benefiting from the Turkish economy’s potential.

Understanding how YUVAM Accounts work and their benefits can help you make informed financial decisions. The process of opening a YUVAM Account is straightforward, and doing so can significantly enhance your financial portfolio. Explore the features, advantages, and steps to open a YUVAM Account to secure and grow your savings confidently.


What Is a YUVAM Account?

A YUVAM Account is a time deposit account tailored for non-resident Turkish citizens and international investors. The primary purpose of a YUVAM Account is to allow these investors to convert their foreign currency savings into Turkish lira. YUVAM Accounts are designed to offer high returns while providing protection against exchange rate fluctuations, making them an attractive option for those looking to invest securely in the Turkish economy.

Non-resident investors benefit greatly from YUVAM Accounts due to the added security and high returns. These accounts offer various maturity options, each with different interest rates, allowing investors to choose the maturity period that suits their financial goals. Additionally, the Central Bank of Turkey (CBRT) ensures that any exchange rate differences at the end of the maturity period are compensated, thus mitigating risks related to currency value changes.

The Central Bank of Turkey plays a vital role in YUVAM Accounts. It supports these accounts by offering additional returns based on the selected maturity period. The CBRT guarantees that account holders will receive the Turkish lira equivalent of their initial investment plus the additional returns upon maturity. This ensures the security of the investment and provides peace of mind to investors, making YUVAM Accounts a reliable choice for non-resident Turkish citizens and international investors alike.

Advantages of YUVAM Accounts

YUVAM Accounts come with several advantages that make them an excellent choice for secure investments. One of the main benefits is the high return savings potential. Depending on the maturity period chosen, investors can earn additional returns on top of their initial investment, ranging from 3% for a 3-month term to 6% for a 24-month term. This makes YUVAM Accounts highly attractive for those looking to grow their savings.

Another significant advantage is protection against exchange rate fluctuations. The Central Bank of Turkey ensures that any negative differences in the exchange rate at the end of the maturity period are compensated. This means that investors are safeguarded against currency value drops, adding an extra layer of security to their investment.

YUVAM Accounts also offer flexible savings options. Investors can choose from different maturity periods, allowing them to tailor their investments based on their financial needs and goals. Whether you are looking for short-term or long-term savings, YUVAM Accounts provide the flexibility to match your financial strategy.

Lastly, the security of investment is a key advantage. With the backing of the Central Bank of Turkey, investors can be confident that their savings are protected and will yield guaranteed returns. This makes YUVAM Accounts a secure and profitable option for non-resident Turkish citizens and international investors aiming to diversify their investment portfolios.

How to Open a YUVAM Account

Opening a YUVAM Account is straightforward and user-friendly. Here's a step-by-step guide to help you start:

  1. Choose a Bank: First, select a bank that offers YUVAM Accounts. Many Turkish banks and international banks with branches in Turkey provide this service.
  2. Prepare Necessary Documents: Gather the required documents. These usually include a valid ID or passport, proof of residency, and evidence of your foreign currency funds.
  3. Visit the Bank or Apply Online: You can either visit a local branch of the chosen bank or apply through their online banking platform. Digital banking in Turkey has made this process much more convenient for non-resident investors.
  4. Submit Your Documents: Provide your documents to the bank. The bank will review them to ensure everything is in order.
  5. Sign the Agreement: After verifying your documents, you will need to sign an agreement that outlines the terms and conditions of the YUVAM Account.
  6. Deposit Your Funds: Transfer your foreign currency savings into the account. Your funds will then be converted into Turkish lira.
  7. Confirm and Start Earning: Once the deposit is confirmed, your YUVAM Account is active, and you can start earning high returns.

Eligibility Requirements: YUVAM Accounts are mainly intended for non-resident Turkish citizens and international investors. Ensure you meet these criteria before applying.

Digital Banking Options: Many banks offer online platforms for managing your YUVAM Account. This feature makes it easy to monitor your investments from anywhere in the world.

There are safeguards in place when using an agency to ensure the process is secure and compliant with all bank regulations.

Maximizing Your Returns with YUVAM Accounts

Maximizing your returns with YUVAM Accounts is achievable with a good understanding of their features and benefits. Here’s how to get the most out of your investment:

Explanation of Additional Returns: The Central Bank of Turkey offers additional returns over and above the regular interest rates provided by the banks. These returns depend on the maturity period of your YUVAM Account. For example:

  • 3% annual return for 3-month maturity
  • 4% annual return for 6-month maturity
  • 5% annual return for 12-month maturity
  • 6% annual return for 24-month maturity

These returns add an extra layer of profitability to your investment.

Different Maturity Options: YUVAM Accounts offer various maturity periods, allowing you to choose the one that aligns with your financial goals. Whether you prefer short-term or long-term savings, there is an option for you. Understanding these options helps you make more informed decisions.

Choosing the Right Maturity Period: Selecting the right maturity period is crucial for maximizing returns. Consider your financial goals, risk tolerance, and the additional returns offered by the Central Bank of Turkey. For instance, a 24-month maturity period offers a higher return but locks in your funds for a longer time. Weigh these factors carefully to optimize your gains.

Calculating Potential Returns: Use interactive tools provided by banks to calculate your potential returns. These tools can help you estimate how much you will earn based on the chosen maturity period and the initial deposit amount.

Investment Details (actual client)

Date: June 13, 2024
Initial Investment: 32,000 USD
Term: 24 months
Guaranteed USD Return: 6%

Conversion Rate (USD/TRY): 32.2946
Converted Amount: 1,033,427.20 TRY

YUVAM Contract

Contract Duration: 24 months
Guaranteed Rate: 40%

Earnings and Payout

Total Earnings: 828,381.75 TRY
Total Payout: 1,861,808.95 TRY

Details Values
Source Foreign Currency Amount 32,000.00 USD
Exchange Rate 32.2946 TRY
Accounted TRY Amount 1,033,427.20 TRY
Net Interest Amount 828,381.75 TRY
Account Balance with Interest at Maturity 1,861,808.95 TRY


Investing in YUVAM Accounts is a smart choice for non-resident Turkish citizens and international investors looking for high returns and security. With the backing of the Central Bank of Turkey and protection against exchange rate fluctuations, YUVAM Accounts offer a robust and flexible investment option. The process of opening and managing these accounts is straightforward, making them accessible even if you are residing abroad.

If you’re interested in securing your savings and earning substantial returns, consider opening a YUVAM Account today. The variety of maturity options and the additional returns provided by the Central Bank of Turkey make this a highly attractive investment. To get started, visit Ikamet for more detailed information and personalized assistance. Secure your financial future with a dependable Turkey residency advisor by your side.