Universal Bank?

[Kath]

We have been offered 12.5% on a 6 month time deposit. Currently with Creditwest at 9.5%. Don't really know anything good/bad about Universal. Any feedback would be appreciated (they are offering 4% on sterling)

[Deniz1]

I have banked with them for about 5 years no problems apart from being a bit slow issuing my new credit card

[MoonageDaydream]

Universal are a much smaller bank than Creditwest, so may be trying to get a competitive edge on new deposits.

Personally I'd be reluctant to move much money from Creditwest, I've always had good service from them, and they do have a very good independently audited rating. (It was only about 15 years ago that a lot of smaller banks went bust here). But moving a few thousand is probably worth the risk.

[13roman58]

Go back to creditwest and tell them what has been offered they should match it.

[Reyntj]

I have banked withh universal and capital bank solely for the rates on gbp and tl. For sterling they are unmatched . However when you come to take your money out thers always an awkward feeling and all the staff look like its affecting them . Which is concerning . You will also notice that in every branch theres only ever a few customers mostly locals tryning to get loans and lots of staff with piles of papers in front of them . I get the impressionn these banks have poor systems etc.

I also bank with garanti and i have moved all my money away from these local banks and decided against using them . Im going to stick to garanti . I notice that garanti pay. 11.75 % on over.100000 tl for various periods from 32 days .

Clearly banking with a big turkish bank has its own risks . Im not really offering any advice just stating really what i have done .

[David]

Can only say that i have had first class service from Creditwest for many years now