Interest Increased

[corbindallas]

ING Orange increased their interest rate 0.25% to 6.50% yesterday, is this a trend across other banks to??

[Eric]

Strange that on the 21st of this month we were only getting 6% not 6.25%.

[melekabli]

god I hope it never drops below 5%! Anyone know what HSBC is at the moment?

[Jim Fraser]

Been in to Finans earlier this week - current acc changed to double egg account at 7.5% and investment accounts revamped to give 7.4% thats up approx 1.5% from their standard rates - so pays to go in regularly and see whats on offer.

[corbindallas]

Seems the doom merchants got it wrong, thank god! Rates are climbing across the board and have heard ING Orange should be at 8% next week but are going to do a 0.25% increase every few days to get to this?? Currently climbed again to 6.75% however Garanti are currently offering 7.75% on a 31 to 27 day account and on their others a 7.40%. Will be interesting to see the finance report for this month to see who pops their head above this rate! http://www.bodrumbulletin.com/community/finance/889-turkish-interest-rate-report

[corbindallas]

Strange that on the 21st of this month we were only getting 6% not 6.25%.

Was that Orange account Eric with up to 50k rate? As it is now 6.50 up to 50k and 6.75% up to 100k

[corbindallas]

http://www.ingbank.com.tr/english/foryou-depositproducts-depositinterestrates-result.asp

http://www.garanti.com.tr/en/personal_banking/deposit_and_investment/deposit_accounts/tl_time_deposit_account.page?

This is the page it shows rates.

[davybill]

thats funny Corbindallas,book made up in Ing yesterday 6,1, for next month,6.5 with Teb bank,

[Eric]

Strange that on the 21st of this month we were only getting 6% not 6.25%.

Was that Orange account Eric with up to 50k rate? As it is now 6.50 up to 50k and 6.75% up to 100k

Yep!

[corbindallas]

thats funny Corbindallas,book made up in Ing yesterday 6,1, for next month,6.5 with Teb bank,

Think you should go back as these are the NOW daily rates for Orange account tried to look to see where the 6.1 was on their normal daily account but it is showing only 6.0% so can only assume they have tied you into a 32 day account rather than Orange?? Click ING link above and it's there to see davybill and as said this is supposed to go up to 8% next week so don't get tied into a monthly rate but use the Orange daily rate so it moves to what ever rate is listed.