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tarry67
Joined: 16/05/2008
Posts: 1053
Message Posted:
26/11/2009 14:19 | | Join or Login to Reply | Message 1 of 9 in Discussion |
| Turk bank now at 6% pm must be the lowest bank now I would think. Universal still 13% I was told today by my friends. Iktistat 11.5%. As bank 8.25%. I know its better than the uk so no need to post that again. |
StGeorgeI
Joined: 27/08/2009
Posts: 973
Message Posted:
26/11/2009 14:26 | | Join or Login to Reply | Message 2 of 9 in Discussion |
| It will continue to fall next year until it's more inline with the rest of Europe etc. |
smithy
Joined: 17/07/2008
Posts: 5301
Message Posted:
26/11/2009 14:29 | | Join or Login to Reply | Message 3 of 9 in Discussion |
| So is it a good idea to close my ytl Bank account now instead of January |
StGeorgeI
Joined: 27/08/2009
Posts: 973
Message Posted:
26/11/2009 14:33 | | Join or Login to Reply | Message 4 of 9 in Discussion |
| Not really - unless you can find somewhere else that offers better interest rates at the moment. However, interest rates will continue to fall over the next 12 months that is for sure. |
smithy
Joined: 17/07/2008
Posts: 5301
Message Posted:
26/11/2009 14:43 | | Join or Login to Reply | Message 5 of 9 in Discussion |
| StGeorge1 as I am leaving at the end of January I want to close my ytl account so going by what people are saying I would be better off doing it sooner rather than later |
flightholiday
Joined: 19/07/2007
Posts: 3217
Message Posted:
26/11/2009 14:51 | | Join or Login to Reply | Message 6 of 9 in Discussion |
| Smithy,
Why close them at all; leave it as late as you can to take the funds out.
Even if the rates fall you are still getting better rates than in the UK.
The only word of caution is transfering or taking money out of the TRNC is better done by a bank as you will be limited to how much money you can export on any one trip ($10,000 is I think the maximum). |
fiendishpaul
Joined: 18/05/2008
Posts: 1720
Message Posted:
26/11/2009 14:59 | | Join or Login to Reply | Message 7 of 9 in Discussion |
| Smithy
You also need to consider the exchange range. At the moment it is about 2.5 TL to the pound if changing TL to sterling. Depending on how much you have invested, just a small change in the rate can make a significant difference to how many £'s you end up with in your pocket.
Just a thought
Paul |
smithy
Joined: 17/07/2008
Posts: 5301
Message Posted:
26/11/2009 15:05 | | Join or Login to Reply | Message 8 of 9 in Discussion |
| Many thanks everyone for the info |
cyprusfox
Joined: 13/08/2008
Posts: 119
Message Posted:
27/11/2009 08:41 | | Join or Login to Reply | Message 9 of 9 in Discussion |
| Universal is now 10% |
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