The banks in Turkey are all dropping their interest rates by quite a bit. Our in Finnans went from 20.75% to 14.25% after a "lengthy discussion" they rang me at home to say I could have 15%. H.S.B.C dropped to 15%. Have spoken to the managers in both banks and they say the rates will drop again in the next 2 months before they are expected to rise again in April. (Not sure how they know this)? It's going to have a big effect on people who are living on the interest. Added to the fact that the exchange rate has dropped it is a double whammy for the pensioners out here. They have seen their income plummet by a third. Sorry to be the bearer of bad news for anyone coming and expecting to live entirely on savings interest.