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Current monthly Interest Rates - Autumn 2009

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judyr


Joined: 07/07/2009
Posts: 956

Message Posted:
18/09/2009 18:28

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Message 1 of 13 in Discussion

Can anyone tell me the current interest rates for both Lira and GBP including Turk Bankasi, Garanti bank and HSBC



Hatty


Joined: 13/07/2008
Posts: 260

Message Posted:
18/09/2009 19:09

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Message 2 of 13 in Discussion

Look on the web sites



Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
18/09/2009 23:07

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Message 3 of 13 in Discussion

There going down , down ,down .



Calmperson


Joined: 19/09/2009
Posts: 17

Message Posted:
22/09/2009 15:25

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Message 4 of 13 in Discussion

I can't access this info from the uk for some reason. Can someone please give me an idea... thanks



Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
22/09/2009 15:27

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Message 5 of 13 in Discussion

About 8% at HSBC



Calmperson


Joined: 19/09/2009
Posts: 17

Message Posted:
22/09/2009 15:35

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Message 6 of 13 in Discussion

thanks Geoff. i am assuming this is Lira. Any idea for GBP?



eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/09/2009 15:59

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Message 7 of 13 in Discussion

It never pays to assume !! That is the rate for GBP ..... however other banks are offering better rates depending on the amount invested.



melbrandy


Joined: 23/08/2009
Posts: 44

Message Posted:
22/09/2009 17:46

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Message 8 of 13 in Discussion

Calmperson

Todays monthly interest rates for TL are 8.25% and GBP 0.75% at HSBC.

These rates take into account the latest 1/2% drop in interest rates by the central bank of Turkey and should therefore hold until mid October. Then you can expect another 1/2% drop for TL, though there is a slim chance that the drop will be 1/4%. Banks here will follow suit within days.

You can improve on the TL rate by around 1% to 1.5% by switching away from HSBC, though this does have risk implications.

mel



Calmperson


Joined: 19/09/2009
Posts: 17

Message Posted:
23/09/2009 15:42

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Message 9 of 13 in Discussion

Thank you - very helpful but please can you just clarify.... although you say monthly rates for GBP are 0.75% this is the annual % rate is it or is it 0.75% pcm? eg 100,000 pays 750 per month or 750 per year? Many thanks. Hoping to move out next year having just bought a house and trying now to eork out finances so any help/advice is welcome.



negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
23/09/2009 16:40

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Message 10 of 13 in Discussion

Mess 9 - DON'T rely on interest from your TL account !



Shed loads of us Brits were lured here by 20% interest rates, now the rate is well below 10% and still plumeting...



Soil will be on the menu in the Bicknell houshold from next week....



fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
23/09/2009 16:54

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Message 11 of 13 in Discussion

Monthly interest rate for TL at Creditwest is now 10.5%.



Regards



Paul



Calmperson


Joined: 19/09/2009
Posts: 17

Message Posted:
23/09/2009 17:30

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Message 12 of 13 in Discussion

Still don't get it - monthly interest rate...... surely the figure ypu are quoting is 10.5 APR....? but would GBP be 0.75% per month?



TheManc


Joined: 12/09/2009
Posts: 19

Message Posted:
25/09/2009 17:28

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Message 13 of 13 in Discussion

This confused me too! The rate is an annual rate with the interest being paid monthly.



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