Kibkom North Cyprus Forum

A friend said yesterday that banks have put the interest rates up by 0.75% any truth in this?

Garanti bank girne 8.10% today

Assuming the Turkish rate is linked to the rate here, the answer is yes-the rate did go up by .75% about 10-14 days ago.
Whether it gets passed on in full,is down to shopping around as usual.
From experience if you have a reasonable sum to invest,say £100000 or more, you can get 1.5-2% over the published rate without much trouble.
hope this helps

My bank has uped my rate of savings definatly worth the while poping in or giving them a call. they are the Universal Bank in Alsancak next to Starling contact details 05338417388 directly through to an English speaking representative.