Best sterling interest rates?

Melanie14


Joined: 04/04/2010
Posts: 17

Message Posted:
19/06/2011 16:12

Can anybody kindly tell me is there any bank offering better than 4.5% in TRNC on sterling for 12 months Thank you.

TheScarlets



Joined: 14/04/2009
Posts: 877

Message Posted:
19/06/2011 16:14

which bank is offering 4.5% ?



I'm getting 3.5% at the moment although happy with Creditwest



Ian

Melanie14


Joined: 04/04/2010
Posts: 17

Message Posted:
19/06/2011 16:22

Hi Ian

We were in credit west catalcoy a few days ago and were told it was 4.5% for one year. Unless the rates have changed?



Pete.

Agobard


Joined: 20/08/2008
Posts: 271

Message Posted:
19/06/2011 16:42

I think Limassol Turkish is paying 4.75% on 1 year but you would have to confirm this.

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
22/07/2011 15:39

Considering the strength of the Turkish economy and particularly the TL - £ exchange rate, why not change £ to TL and get a second bonus when the lira comes down at the end of your 12 months and a guaranteed 9.5% interest or better if you have a sizeable amount to invest.

cypgab


Joined: 09/01/2010
Posts: 338

Message Posted:
22/07/2011 17:51

9.5% guaranteed? What is a sizeable amount and by whom?

InspironDream


Joined: 10/08/2011
Posts: 56

Message Posted:
19/08/2011 15:37

I'm with Vakiflar Bankasi. 5% for 1 year vadeli/term.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
19/08/2011 17:02

Last time I enquired with Faisal Bank it was 4.5% on sterling and 9.5% on TL. At the time I found them to be giving the best rates around on an investment account (they are an Islamic bank and pay profit rather than interest) so it's probably worth asking again what the latest rate is.