7% interest rate on Sterling

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
14/04/2009 17:17

If anyone is interested, just fixed a few bob with Continental Bank this morning at 7% interest on a one year basis.

It seems a great deal to me, though best to keep below the 20.000 Euro guarentee level.

Michael

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
14/04/2009 21:05

Seems pretty good, what are they giving on ytl ? Also can accounts be opened over here prior to going out ?..Thanks.

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
14/04/2009 21:14

I'm worried at 4.5% monthly at Credit West. Just a little too much to be comfortable. Another Iceland looming?



Richard

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
15/04/2009 09:27

I believe you have to go into the branch and open up an account. TL interest rates are dependant on the amount you wish to deposit.

keithr


Joined: 20/08/2008
Posts: 720

Message Posted:
15/04/2009 10:37

If it looks too good to be true,then it most probably is.....

colly


Joined: 31/07/2008
Posts: 297

Message Posted:
15/04/2009 11:09

Agree! The other problem is putting your money in a place where it has the same risk but rubbish rate.



Put the money in but remember the higher the return the more chance of losing it.

It is a bit like roulette!

Col

girne


Joined: 14/01/2009
Posts: 438

Message Posted:
15/04/2009 11:36

My name is Tyra and l work in the Karoglanoglu Branch of the Continental Bank.



For you open an account we will need a copy of each account holders passport and a bill or contract as proof of address.



The TL monthly accounts start from 14.5% and increases depending on your investment.



The sterling monthly account we are offering 5.50% but if the capıtal is lock for a longer period 3 monthly 6%, 6 monthly 6.5% and yearly 7%.



If any one has any questions please come in and see me or call me on 05338417388

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
15/04/2009 12:17

I assume that some of you have been residents here for quite a while, and others have had holiday homes here for a few years. Has anyone lost any money from the banks or are most doing very nicely thank you. Can fully understand the uncertainty at the moment due to the bad economic climate. but rather than say that the higher the interest the higher the risk surely focus should be on how and who the banks lend to. The ones that lend willy-nilly to potentialy risky clients [toxic loans] would be more exposed and the ones that lend in a more responsible way would be less at risk. Best to check banks background first i guess.

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
15/04/2009 12:44

When I moved from HSBC to Seke Bank in Girne, the girl at Seke got out lots of information about Seke Bank to show me, what they invested in etc. I then went back to HSBC to see the manager and she recommended them, but said just make sure they are Turkish Bank and not a North Cypriot Bank.(they are Turkish) Went back again to Seke and she answered all my questions and couldn't have been more helpful. I got 17.75% 2 months ago.

Stella

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
15/04/2009 12:57

Stellasta1....do you know their web site address please......