Any know what Interest HSBC pay out on long term investment

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
18/07/2010 18:36

Hi can anyone let me know what sort of Interest HSBC give on Long Term Investment

also Terms and Conditions any info would be helpful.

Thanks Sheila (smithy)

kimig


Joined: 04/02/2008
Posts: 103

Message Posted:
19/07/2010 06:54

I'm getting 6.3% at present. (Gone are the halcyon days of 5 years back, when 24% was normal!!) Not the highest possible rate , but certainly the safest. If HSBC goes down, the whole world is in dead trouble! And no, it is NOT a franchise.



Go and talk to Julie Younger, the English bank manager, who will explain it all to you

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
19/07/2010 07:01

Go to most other banks and you will get a higher rate than HSBC.



Just moved all our cash that was with HSBC to Garanti, which is the largest privatley owned bank in Turkey.



Branch next to Deniz Plaza in Girne, upstairs talk to Tanya who speaks perfect English.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
19/07/2010 07:49

I am getting just over 9% at Creditwest



Paul

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
19/07/2010 08:59

Thank you all for the info I will pass this on to my Son, I'm sure HSBC must be the safest

Paul where is Creditwest as I will pass that on also,

Do they give better rates for Long Term or does it depends on the amount you pay in

Sheila xx

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
19/07/2010 09:03

If it looks too good to be true - it most likely is!

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
19/07/2010 09:25

Go to Garanti, they are as safe as HSBC within the banking regulations of TRNC. Or even Turk bank but do not use HSBC.



Interest on internet 9.25%.



If worried about safetly then keep away from TRNC banks. We have accounts with good interest at Credit West and Iktisatbank but they are both TRNC. Depends on your risk assesment.

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
19/07/2010 11:28

Could you give better directions please for Garanti Bank. Can't thnk where Denz Plaza is.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
19/07/2010 11:36

There are Creditwest branches in Karalangolu and Karakum on the main road.



I get just over 9% on a monthly TL savings account.



Paul

scoobydoo


Joined: 10/11/2008
Posts: 2434

Message Posted:
19/07/2010 14:33

Smithy,



If your son wants to be safe then any of the Turkish Banks such as Garanti, TEB, Turk Bank, HSBC etc but he will not get as high an interest rate as he will if he went to one of the local banks ie Creditwest, Iktisatbank etc.



Choice is his!

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
19/07/2010 20:48

Thanks Scoobydoo, will pass this on to my Son

fallenangel


Joined: 16/05/2009
Posts: 125

Message Posted:
19/07/2010 20:58

Seker Bank is also good, one corner down from HSBC. Moved from HSBC a long time ago, terrible queues

and very unhelpful, bank charges that appeared could not be explained.



All the banks have to insure accounts for 20,000E per account, you can have as many accounts as you wish so keep each account under this level. Turkish banks are likely to be safer than a local bank if there was ever a problem. This is reflected in a slightly lower rate for the turkish banks than island banks.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
19/07/2010 21:01

stella



straight on at HSBC roundabout coming from Lapta. Deniz Plaza about 100yards on left and garanti just past.



Awful parking, we take next left and park on side road some where.



Give Tanya a ring on 0392 815 8592, make an appt just in case she is busy. Her English is perfect.



Also have internet banking which I think is an excellent site http://www.garanti.com and rates are better on line. We have just bought our house insurance there, being a Turkish company better chance of not failing.



Good luck and do not tell her I sent you!!!! lol

David

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
19/07/2010 21:03

One other thing if not sure, Debbi on next stall to you banks there and is a friend of T.