Author Topic: Turkish bank account for non property owner  (Read 11635 times)

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Offline kayakebab

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Re: Turkish bank account for non property owner
« Reply #30 on: February 03, 2015, 11:32:49 AM »
No! I'm not sure... Sums were never my strong point...
my online account tells me interest to be applied each month, currently 9.5%
On for example 100,000 tl the interest after tax would be approx 700tl a month...
So whatever that is...

Errrmmm....yes it must be yearly.




Offline Colwyn

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Re: Turkish bank account for non property owner
« Reply #31 on: February 03, 2015, 11:37:20 AM »
Ta, that's clear.

Offline nichola

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Re: Turkish bank account for non property owner
« Reply #32 on: February 03, 2015, 13:39:40 PM »
I wonder if Turkey includes the price of parsley in its CPI because in the 12 odd years I've lived here its always cost 50 kuruş   ;)

While I appreciate that inflation is high in Turkey it costs me a fraction of what it cost to live in the UK.

Inflation rates for Turkey

http://www.global-rates.com/economic-indicators/inflation/consumer-prices/cpi/turkey.aspx

Offline suehugh

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Re: Turkish bank account for non property owner
« Reply #33 on: February 03, 2015, 21:36:51 PM »
Thanks Colwyn and Kayakebab. Now fully clarified.
Maybe not wow but still good as long as you don't luuk to convert back to other currency.
Maybe Highlander should cancel that flight after all

Offline Highlander

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Re: Turkish bank account for non property owner
« Reply #34 on: February 03, 2015, 22:22:11 PM »
No! I'm not sure... Sums were never my strong point...
my online account tells me interest to be applied each month, currently 9.5%
On for example 100,000 tl the interest after tax would be approx 700tl a month...
So whatever that is...

Errrmmm....yes it must be yearly.




Sorry, couldn't resist. All I can guarantee is that the math is correct (I hope)

Deposit =                           100,000.00
Interest rate =                    9.50% per annum
Interest Payable =               9,500.00
Months in a year =              12
Month Interest Payable =    791.67
Tax Payable                   =    10% (assumed)
Monthly Income after tax = 712.50
« Last Edit: February 03, 2015, 22:33:50 PM by Highlander »

Offline suehugh

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Re: Turkish bank account for non property owner
« Reply #35 on: February 04, 2015, 09:51:01 AM »
Cheers highlander




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