Interest Rates. What are they doing ?

mikeythespark



Joined: 10/11/2009
Posts: 224

Message Posted:
09/03/2010 11:10

Can anyone tell me how the lira and Sterling interest rates are performing at the moment, and which bank is offering a good deal

I have emailed all the popular banks asking for details as I have some dosh to invest, but none of them seem interested in answering my question. Maybe they have too much already LOL

andrew4232



Joined: 04/07/2009
Posts: 1543

Message Posted:
09/03/2010 11:16

i think hsbc are 6% creditwest is about 9%

SidsPinkFloyd


Joined: 01/09/2008
Posts: 69

Message Posted:
09/03/2010 11:36

Andrew

Is that Lira or Sterling?

SPF

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
09/03/2010 11:41

That's Lira, it's a huge drop now, from the 18 -20% it was.

andrew4232



Joined: 04/07/2009
Posts: 1543

Message Posted:
09/03/2010 11:53

yes lira have a look on creditwest web site for there sterling rate %

Texas


Joined: 22/09/2009
Posts: 634

Message Posted:
09/03/2010 11:58

TL interest rates will be heading upwards soon.



Two banks over here are offering higher rates for terms of 6-12 months. This normally means that they know something we do not.



Keep to your monthlies!

mikeythespark



Joined: 10/11/2009
Posts: 224

Message Posted:
09/03/2010 13:24

I am not planing to exchange just yet as hoping the Lira will rise a bit in the next few months. So I will watch and wait. Thanks for all your comments. Is it still 20,000 Euro as a safe amount ? Is that per bank or per person does anyone know?

tarry67


Joined: 16/05/2008
Posts: 1053

Message Posted:
09/03/2010 13:31

Limassol Koop Bank are offering 9% on Lira and 5% on sterling. I believe that Iktisat bank is offering around 10.5% on lira. Turk bank is at only 6% on lira and the lowest here at the moment.

baldy


Joined: 18/11/2008
Posts: 70

Message Posted:
09/03/2010 13:31

20,000 Euros per account. As many accounts as you wish with the same bank, each account deposit to a maximum of 20,000 Euros is guaranteed.

vadiev


Joined: 29/08/2009
Posts: 204

Message Posted:
09/03/2010 13:48

Guaranteed by whom ???? When we bought our house the title deed was supposed to be guaranteed but you can bet your bottom dollar if the s*** hits the fan the government won't want to know you, ask the Orams !!

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
09/03/2010 14:39

Re No.10: Easy matey, if you don't feel comfortable with such accounts then don't open one here. Meantime the rest of us will just count OUR money for a much happier retirement.

Geoff

Famagusta City

mikeythespark



Joined: 10/11/2009
Posts: 224

Message Posted:
09/03/2010 17:37

Its almost as much of a gamble here in UK with banks as they have been recently. At least the return is better in TRNC than UK, I guess thats the gamble!! Thanks for all your help everyone.

gates


Joined: 08/12/2008
Posts: 1096

Message Posted:
09/03/2010 17:56

universal at catiokoy no quewing and nice people always willing to help 11% at mo all the banks give you more if you tie your money up for more than a month but then if you get the word move back to stg you cant one month account is best

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
10/03/2010 17:13

Texas

What makes you think interest rates will go up soon in TRNC?

It has dropped steadiley for 15 months.