Current monthly Interest Rates - Autumn 2009North Cyprus Forums Homepage Join Cyprus44 Board | Already a member? Login
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judyr
Joined: 07/07/2009
Posts: 956
Message Posted:
18/09/2009 18:28 | | Join or Login to Reply | Message 1 of 13 in Discussion |
| Can anyone tell me the current interest rates for both Lira and GBP including Turk Bankasi, Garanti bank and HSBC |
Hatty
Joined: 13/07/2008
Posts: 260
Message Posted:
18/09/2009 19:09 | | Join or Login to Reply | Message 2 of 13 in Discussion |
| Look on the web sites |
Pipie
Joined: 05/01/2008
Posts: 5499
Message Posted:
18/09/2009 23:07 | | Join or Login to Reply | Message 3 of 13 in Discussion |
| There going down , down ,down . |
Calmperson
Joined: 19/09/2009
Posts: 17
Message Posted:
22/09/2009 15:25 | | Join or Login to Reply | Message 4 of 13 in Discussion |
| I can't access this info from the uk for some reason. Can someone please give me an idea... thanks |
Geoff
Joined: 25/06/2008
Posts: 1370
Message Posted:
22/09/2009 15:27 | | Join or Login to Reply | Message 5 of 13 in Discussion |
| About 8% at HSBC |
Calmperson
Joined: 19/09/2009
Posts: 17
Message Posted:
22/09/2009 15:35 | | Join or Login to Reply | Message 6 of 13 in Discussion |
| thanks Geoff. i am assuming this is Lira. Any idea for GBP? |
eager
Joined: 23/02/2007
Posts: 1272
Message Posted:
22/09/2009 15:59 | | Join or Login to Reply | Message 7 of 13 in Discussion |
| It never pays to assume !! That is the rate for GBP ..... however other banks are offering better rates depending on the amount invested. |
melbrandy
Joined: 23/08/2009
Posts: 44
Message Posted:
22/09/2009 17:46 | | Join or Login to Reply | Message 8 of 13 in Discussion |
| Calmperson
Todays monthly interest rates for TL are 8.25% and GBP 0.75% at HSBC.
These rates take into account the latest 1/2% drop in interest rates by the central bank of Turkey and should therefore hold until mid October. Then you can expect another 1/2% drop for TL, though there is a slim chance that the drop will be 1/4%. Banks here will follow suit within days.
You can improve on the TL rate by around 1% to 1.5% by switching away from HSBC, though this does have risk implications.
mel |
Calmperson
Joined: 19/09/2009
Posts: 17
Message Posted:
23/09/2009 15:42 | | Join or Login to Reply | Message 9 of 13 in Discussion |
| Thank you - very helpful but please can you just clarify.... although you say monthly rates for GBP are 0.75% this is the annual % rate is it or is it 0.75% pcm? eg £100,000 pays £750 per month or £750 per year? Many thanks. Hoping to move out next year having just bought a house and trying now to eork out finances so any help/advice is welcome. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
23/09/2009 16:40 | | Join or Login to Reply | Message 10 of 13 in Discussion |
| Mess 9 - DON'T rely on interest from your TL account !
Shed loads of us Brits were lured here by 20% interest rates, now the rate is well below 10% and still plumeting...
Soil will be on the menu in the Bicknell houshold from next week.... |
fiendishpaul
Joined: 18/05/2008
Posts: 1720
Message Posted:
23/09/2009 16:54 | | Join or Login to Reply | Message 11 of 13 in Discussion |
| Monthly interest rate for TL at Creditwest is now 10.5%.
Regards
Paul |
Calmperson
Joined: 19/09/2009
Posts: 17
Message Posted:
23/09/2009 17:30 | | Join or Login to Reply | Message 12 of 13 in Discussion |
| Still don't get it - monthly interest rate...... surely the figure ypu are quoting is 10.5 APR....? but would GBP be 0.75% per month? |
TheManc
Joined: 12/09/2009
Posts: 19
Message Posted:
25/09/2009 17:28 | | Join or Login to Reply | Message 13 of 13 in Discussion |
| This confused me too! The rate is an annual rate with the interest being paid monthly. |
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