Author Topic: i interest Rates (Read 8579 times)

Karennina · « **Reply #20 on:** January 19, 2012, 09:12:02 AM »

Thanks again for replies, that is a great idea Keith, if you are semi retired with time on your hands I suppose it would be far easier to "watch" the exchange rate and go to the bank to change back to Sterling when it drops.Also would defo have to open some more accounts in Turkey to spread it around like you said Mark.Lots to think about :)if the new health insurance rule comes into play that someone mentioned then I dont think it is going be an option:(

Dutchie · « **Reply #21 on:** January 19, 2012, 10:59:03 AM »

Going to the bank to change your money is something from the past.

It can be done through internet banking with all the major banks.
A couple of clicks...that's all it takes.

Karennina · « **Reply #22 on:** January 23, 2012, 10:42:27 AM »

At present I have just a Finas account, if I wanted to open one other bank account out there is it possible to maybe open an Orange account online from here or would I have to wait until I am in Turkey,many thanks in advance

Liz 101 · « **Reply #23 on:** January 23, 2012, 13:24:18 PM »

You'd need to be here to open the account Karen & as it's a different bank, you'd need to produce your tax no etc again

Karennina · « **Reply #24 on:** January 23, 2012, 18:57:38 PM »

Ok thanks Liz will put it on my "to do" list for April

terrie · « **Reply #25 on:** February 15, 2012, 14:05:33 PM »

if its the orange account,it is 10%, as this is paid daily

terrie · « **Reply #26 on:** February 15, 2012, 15:26:12 PM »

there was a post by mercury before mine,this was the one i was replying to......her post has dissapeared??

anna-marie01 · « **Reply #27 on:** February 15, 2012, 15:52:41 PM »

That happens quite alot on here Terrie...

mercury · « **Reply #28 on:** February 15, 2012, 20:58:36 PM »

I removed it because I had a better offer than the 10% sorry Terry.

keng38 · « **Reply #29 on:** February 15, 2012, 21:51:28 PM »

2 questions.
If I open a TL account and a GBP account in Turkey can you get the interest on the GBP account while waiting for the exchange rate to go up to near 3?

If the exchange rate then drops to say 2.5 can you move the money back into your GBP account?

If the answer is yes then you can gain in 2 ways
You get the 10% interest and also the gain in the fluctuation in the exchange rate 2.5 to 3 is 20%, 3 to 2.5 is 16%

The rates used to change like clockwork from 2.2 in winter to 2.7 summer and vice versa.
If the above is possible, potentially you are looking at 46% a year less tax.

I think. Does this sound right?

Author Topic: i interest Rates (Read 8579 times)

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