Alternatif Bank continues to make a difference in banking sector with its innovative product “Indefinite Time Deposit (VOV) Account”, developed in line with its customer-oriented consultant banking approach and digitalisation strategy. VOV Account, having started a new era in deposits, combines the flexibility of demand deposit with the yield of time deposit to enable its customers to earn with onboarding interest rates up to 53%.

Alternatif Bank, having started a new era in deposits with VOV Account, built on its experience dating back more than 33 years, offers an ideal solution to those wishing to derive profit without the need to wait for maturity. Customers can withdraw and deposit money at any time and perform basic banking transactions such as EFT, FAST, and transfer at no charge through digital channels. VOV Account, yielding overnight interest on public holidays and weekends, also adds value to savings with high deposit interest rates. As all accounts are opened as VOV Accounts, existing customers gain overnight interest income, and 53% onboarding interest rate is offered to new customers for 45 days. 

Customers with VOV Cards connected to their VOV Accounts also have the opportunity to earn instant cashback up to TRY 3,000 per year from their expenditures in determined sectors. Thus, customers not only evaluate their savings, but also gain income from their expenditures. 

“Customer experience is at the heart of our digitalisation strategy”

Alternatif Bank Retail, Private, and Digital Banking EVP Burcu Yangaz, expressing that they consider digitalisation as not only technological transformation, but also as the key element of their customer-oriented value creation strategy as Alternatif Bank, made the following remarks about VOV Account: “We are strengthening our customer-oriented banking approach with innovative products and services, and reshaping our financial solutions in line with user expectations. VOV Account stands out as a tangible reflection of this approach. This product, which we developed by correctly analyzing evolved saving and liquidity needs of our customers, not only offers a flexible and profitable deposit solution, but also contributes substantially to our Bank’s digitalisation and sustainable growth targets. As of March 2025, the number of our active customers specific to TRY VOV Account increased by 53% in comparison with November 2023, while our TRY demand deposit balance grew by 200% in the same period. This solid performance is an important indicator for the progress of our innovative product strategy, focused on customer experience, in the right direction. In the upcoming period, we will continue to deepen our digitalisation journey with solutions that are shaped by data-driven insights, that are customized, and that create sustainable value. We are aiming to both touch upon the lives of our retail customers and establish a more inclusive and resilient structure in the financial system with our flexible, inclusive, and customer-oriented products such as VOV Account.”

Earnings are always monitored with VOV Account extra interest world

Customers can monitor current interest rates and campaign details instantly using “VOV Extra Interest World” menu in Alternatif Bank mobile application. Within the scope of the “Product of the Month” campaign, extra interest rate advantage is offered on the Bank’s mobile application every month for a different product, and it becomes possible to take advantage of high interest rates after expiration of the onboarding interest period thanks to integration with products such as investment funds, private pension, or automated payment.

It is quite easy to become an Alternatif Bank customer

Individuals that want to become Alternatif Bank customers can open their accounts conveniently through Alternatif Bank Mobile Application and start benefiting from VOV Account advantages just with a video call, without visiting a branch. Further information is available at www.alternatifbank.com.tr .