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Iktisat Bank TL interest rate

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cyprusnana


Joined: 16/01/2009
Posts: 5

Message Posted:
30/11/2011 19:01

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Message 1 of 15 in Discussion

Can anyone tell me what the interest rate is on a TL account at Iktisat bank. We are living back in the UK now but still have an account there and are thinking of transfering about 4000 from here?



mikelapta



Joined: 20/11/2008
Posts: 2186

Message Posted:
30/11/2011 19:11

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Message 2 of 15 in Discussion

it looks like just 7.25%.....better than UK though !!!!





Mike



davedee



Joined: 01/12/2008
Posts: 479

Message Posted:
30/11/2011 19:15

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Message 3 of 15 in Discussion

7.75% for 1 month 8.25% for 6 month



rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
30/11/2011 19:51

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Message 4 of 15 in Discussion

good rates but remember the currency risk the TL was about 2.3 to the pound 2 or so years ago so thats a 20% negative return, it could do the same again or go the other way and you could make money. You must understand the risk. By the way is the Iktisak bank open yet oppo Lemar in Karakum?????



Tango1


Joined: 19/02/2011
Posts: 1151

Message Posted:
30/11/2011 19:59

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Message 5 of 15 in Discussion

Aren't the up to date rates on their web site then?



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
30/11/2011 22:02

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Message 6 of 15 in Discussion

Yes it is open



cyprusnana


Joined: 16/01/2009
Posts: 5

Message Posted:
01/12/2011 14:18

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Message 7 of 15 in Discussion

Thank you for your help. I do understand the risks having previously lived in North Cyprus for a number of years and changed between accounts as and when the exchange rate changed. I couldn't find any rate on the web site



Yilly


Joined: 02/11/2008
Posts: 46

Message Posted:
02/12/2011 22:07

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Message 8 of 15 in Discussion

Hi there if you email english@iktisatbank.com an English speaking customer representative would be able to advise you on which interest rates YOU would get, as it does depend how much capital you have invested overall and how long you wish to tie your money up for, you would also be given instructions on how to send the funds as well.



Yes the Karakum branch is open



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
03/12/2011 08:34

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Message 9 of 15 in Discussion

Yakin Dugu Bank (near east university) give 9.25 for a monthly deposit more for 6 months.



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
03/12/2011 08:35

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Message 10 of 15 in Discussion

Sorry mis spelt should be Dogu



tarry67


Joined: 16/05/2008
Posts: 1053

Message Posted:
03/12/2011 13:20

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Message 11 of 15 in Discussion

AS Bank also giving 9.25 on a monthly basis if you have 100k in tl.



Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
03/12/2011 15:33

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Message 12 of 15 in Discussion

No fixed amount to get 9.25 %



rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
03/12/2011 19:05

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Message 13 of 15 in Discussion

are the bank branches linked by computer for example can I get up to date statements from Karakum if my account is in the same bank but another branch/location???



rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
05/12/2011 12:11

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Message 14 of 15 in Discussion

no response !



tarry67


Joined: 16/05/2008
Posts: 1053

Message Posted:
05/12/2011 13:22

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Message 15 of 15 in Discussion

Email or call them, they know best....!! but I would of thought it would be like any other countries on line banking, and you should get access to your account.



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