Interest rates

David · Post by **David** » Tue 18 Sep 2018 7:23 am

Just wondering that in view of what happened last week if anyone has had their interest rates increased by the banks ?

Ferguson · Post by **Ferguson** » Tue 18 Sep 2018 8:05 am

Yes....... Near East Bank

David · Post by **David** » Tue 18 Sep 2018 8:14 am

So there is a bit of wriggle room then for a couple of % increase, did you have to ask or did they do it for you ?

Ferguson · Post by **Ferguson** » Tue 18 Sep 2018 8:49 am

They rang me..

David · Post by **David** » Tue 18 Sep 2018 9:25 am

Sounds like great customer service what are they offering ?

Yes and no · Post by **Yes and no** » Tue 18 Sep 2018 10:09 pm

Do the reveal then?

Ferguson · Post by **Ferguson** » Wed 19 Sep 2018 8:01 am

Yes and no wrote:Do the reveal then?

22%

properperson · Post by **properperson** » Wed 19 Sep 2018 11:14 am

Any increase on 22% ??

anyone have any upto date rates from Creditwest ?

.

David · Post by **David** » Wed 19 Sep 2018 11:23 am

You will not get more than 22% and you will have to have a big bank account to get that amount, never heard of banks ringing you and offering you higher interest normally you have to ask them if they will up the rates. Not sure what Creditwest offer on large amounts but i guess it will be competitive.

EnjoyingTheSun · Post by **EnjoyingTheSun** » Wed 19 Sep 2018 11:45 am

David wrote:You will not get more than 22% and you will have to have a big bank account to get that amount, never heard of banks ringing you and offering you higher interest normally you have to ask them if they will up the rates. Not sure what Creditwest offer on large amounts but i guess it will be competitive.

Near East were offering 15% on Turkish equivalent circa £10,000 before the rate rise so maybe 21% on that kind of amount isn't beyond reason as the rate went up over 6%.

But with a base rate of 24% what you get offered obviously can't go above that.

Well I say obviously with the grasp of basic economics in Turkey who knows!

compass · Post by **compass** » Fri 21 Sep 2018 9:49 am

Capital Bank increased the interest rate on my a/c without being asked...... did it automatically!!!!!!

Told me a few days afterwards - thats good service.

C'pass

Bloss · Post by **Bloss** » Fri 21 Sep 2018 9:59 am

Hi Compass What interest rate did they increase it to?

Sallywebstersnipples · Post by **Sallywebstersnipples** » Fri 21 Sep 2018 4:36 pm

How much are banks offering for STG accounts circa £300,000?

terry2366 · Post by **terry2366** » Fri 21 Sep 2018 5:05 pm

Iktisat bank 18%

David · Post by **David** » Fri 21 Sep 2018 5:08 pm

Best to make your own enquiries with the banks iv'e found

tingtang · Post by **tingtang** » Fri 21 Sep 2018 6:31 pm

How much are banks offering for STG accounts circa £300,000?

Are you sure that investing here anything like that amount in any type of currency would be wise in this current economic climate and with the present Turkish Leader whose aim appears to be to take charge of every aspect of the economy?

Personally I would have that deposit transferred to UK PDQ.

tt

tingtang · Post by **tingtang** » Fri 21 Sep 2018 7:57 pm

Further to my post above....
I am reminded of a post on a recent thread on here which drew attention to a Press report about a speech by a Turkish Opposition Leader who stated, inter alia, that Erdogan had personal wealth in the region of 50 million US Dollars invested in the Isle Of Man.

Shameful if true, and I cannot see him making it up, one day we may learn how Erdogan gained such wealth, but that is another story. I think folks should take a lesson from this and follow Erdogan's lead.

tt.

Art · Post by **Art** » Sat 22 Sep 2018 5:42 am

Tingtang.

I entirely agree with your comments .

Far better to protect what you have rather than risk your savings or be tempted by attractive interest rates which could be unsustainable.

SatelliteCyprus · Post by **SatelliteCyprus** » Sat 22 Sep 2018 9:21 am

With several local banks and despite contacting them immediately upon the rate increase in Turkey, we have not received a 'satisfactory' response from any of them yet. In anticipation...

Hedge-fund · Post by **Hedge-fund** » Sat 22 Sep 2018 9:24 am

Sallywebstersnipples wrote:How much are banks offering for STG accounts circa £300,000?

If they offered 10% I still wouldn't invest.

properperson · Post by **properperson** » Tue 25 Sep 2018 8:14 am

David wrote:Best to make your own enquiries with the banks iv'e found

surely best for people to share their experiences ??

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