TRNC Interest rates

All to do with money - Banks, Insurance, Savings, Exchange Rates...

Moderators: Soner, Dragon, PoshinDevon

Post Reply
gemini39
Kibkommer
Kibkommer
Posts: 157
Joined: Wed 04 Apr 2012 8:17 am

TRNC Interest rates

  • Quote
  •   Message 1 of 17 in Discussion

Post by gemini39 »

Anyone got banks latest sterling rates in TRNC and T/Lira rates ?

ruggy
Kibkommer
Kibkommer
Posts: 758
Joined: Wed 04 Apr 2012 6:39 am

Re: TRNC Interest rates

  • Quote
  •   Message 2 of 17 in Discussion

Post by ruggy »

Credit West is 8% for t.l.

User avatar
chiangbill
Kibkommer
Kibkommer
Posts: 383
Joined: Tue 03 Apr 2012 7:20 pm

Re: TRNC Interest rates

  • Quote
  •   Message 3 of 17 in Discussion

Post by chiangbill »

It depends how much you can "Invest" But you can "Talk" with them and bargain. As they will not want you to leave, if you have fair chunk of cash in there.

gemini39
Kibkommer
Kibkommer
Posts: 157
Joined: Wed 04 Apr 2012 8:17 am

Re: TRNC Interest rates

  • Quote
  •   Message 4 of 17 in Discussion

Post by gemini39 »

Thanks Ruggy % Chiangbill

Anyone got rates on Sterling in TRNC?

solic200
Kibkommer
Kibkommer
Posts: 382
Joined: Wed 04 Apr 2012 2:15 pm

Re: TRNC Interest rates

  • Quote
  •   Message 5 of 17 in Discussion

Post by solic200 »

All paid monthly Asbank 9.5% tl. Limassol Bank 8.5% tl. Garanti Bank 10.5% tl but depending on the amount you invest.
Sterling is around 3% in most banks?

solic200
Kibkommer
Kibkommer
Posts: 382
Joined: Wed 04 Apr 2012 2:15 pm

Re: TRNC Interest rates

  • Quote
  •   Message 6 of 17 in Discussion

Post by solic200 »

Just an update on Asbank as today I received 10% interest on my monthly tl account.

User avatar
andrew4232
Kibkommer
Kibkommer
Posts: 1291
Joined: Thu 05 Apr 2012 6:15 am

Re: TRNC Interest rates

  • Quote
  •   Message 7 of 17 in Discussion

Post by andrew4232 »

near east bank are doing some good rates am sure if your a new customer and a lump to invest they can do a deal
Karaman, its not all wax jackets and green wellies anymore

User avatar
scarlets
Kibkommer
Kibkommer
Posts: 178
Joined: Thu 05 Apr 2012 8:27 am

Re: TRNC Interest rates

  • Quote
  •   Message 8 of 17 in Discussion

Post by scarlets »

I went into CreditWest this week and they gave me an uplift of 1.5% to 9.5% on a moderate sum, please do not ask me what that sum is but call in yourself to find out. They are very helpful

gemini39
Kibkommer
Kibkommer
Posts: 157
Joined: Wed 04 Apr 2012 8:17 am

Re: TRNC Interest rates

  • Quote
  •   Message 9 of 17 in Discussion

Post by gemini39 »

Thanks to Scarlets, Andrew4232 and Solic200 for the info
I know Credit West are good , is their an English speaking person ay Asbank?

User avatar
scarlets
Kibkommer
Kibkommer
Posts: 178
Joined: Thu 05 Apr 2012 8:27 am

Re: TRNC Interest rates

  • Quote
  •   Message 10 of 17 in Discussion

Post by scarlets »

They do speak English but not to the same level and understanding as CreditWest. THye are very helpful like the majority of banks

gemini39
Kibkommer
Kibkommer
Posts: 157
Joined: Wed 04 Apr 2012 8:17 am

Re: TRNC Interest rates

  • Quote
  •   Message 11 of 17 in Discussion

Post by gemini39 »

Is Isbank in Girne?

solic200
Kibkommer
Kibkommer
Posts: 382
Joined: Wed 04 Apr 2012 2:15 pm

Re: TRNC Interest rates

  • Quote
  •   Message 12 of 17 in Discussion

Post by solic200 »

Isbank is in Girne but it is not the same bank as Asbank, as Isbank is a turkish bank and therefore classed as offshore, so no guarantees with your savings,unlike Asbank which is a Cypriot bank for example, where you get a 20,000 euro per account guarantee.

User avatar
andrew4232
Kibkommer
Kibkommer
Posts: 1291
Joined: Thu 05 Apr 2012 6:15 am

Re: TRNC Interest rates

  • Quote
  •   Message 13 of 17 in Discussion

Post by andrew4232 »

IŞ bank is one of the biggest banks in turkey and your money is very safe with them, but if there like the ones in turkey where i used to live there service is very slow, we used to have to take a book and allow a morning when going there
Karaman, its not all wax jackets and green wellies anymore

User avatar
scarlets
Kibkommer
Kibkommer
Posts: 178
Joined: Thu 05 Apr 2012 8:27 am

Re: TRNC Interest rates

  • Quote
  •   Message 14 of 17 in Discussion

Post by scarlets »

Agree with Andrew, there are some good banks here and like myself would prefer to use one of the more financially sound banks. Having said that customer service is extremely important in Cyprus and I highly recommend CreditWest

karakum5c

Re: TRNC Interest rates

  • Quote
  •   Message 15 of 17 in Discussion

Post by karakum5c »

tl to the pound 2.860 at the moment

User avatar
Mel7348
Kibkommer
Kibkommer
Posts: 303
Joined: Wed 04 Apr 2012 6:33 pm

Re: TRNC Interest rates

  • Quote
  •   Message 16 of 17 in Discussion

Post by Mel7348 »

I think that Mainland Turkish Banking Laws give a much higher guaranteed compensation payment in the hopefully unlikely event of collapse. All mainland turkish banks are goverened by mainland law, Turkish Cypriot Banking Law differs in some respects i.e the lower guaranteed compensation. Can recommend Internet Banking with Garanti Bank mor user friendly than my UK Bank.
Life's too short to stuff a mushroom

User avatar
scarlets
Kibkommer
Kibkommer
Posts: 178
Joined: Thu 05 Apr 2012 8:27 am

Re: TRNC Interest rates

  • Quote
  •   Message 17 of 17 in Discussion

Post by scarlets »

Went into Near East Bank Karaoglanoglu yesrerday and met up with an old contact of years gone by and was surprised at the rates they have. They will all be packaged depending upon your circumstances but you can easily get 9.25% to start and the sterling account % is very attractive. Naci the manager is excellent and they all communicate very well in English. Call in and find out yourself

Post Reply

Return to “FINANCE - Kibkom North Cyprus Forum”