Kibkom North Cyprus Forum

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

Yes....... Near East Bank

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 ?

They rang me..

Sounds like great customer service what are they offering ?

Do the reveal then?

Yes and no wrote:Do the reveal then?

22%

Any increase on 22% ??

anyone have any upto date rates from Creditwest ?

.

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.

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!

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

Hi Compass What interest rate did they increase it to?

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

Iktisat bank 18%

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

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

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.

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.

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...

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

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

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

surely best for people to share their experiences ??