intererest rate

[lance]

Finans doing 12.35tl yesterday hsbc 11.75 went in both.

[kevman]

We were in Finans today and we were told that the interest rate is now 10.25tl.That seems a big drop since yesterday.

[kevin b]

I interest rates all depend on how much you have in & over what term.

[epsomboy]

What would £60,000 get me?
or is  it best to spreead that over 3 banks?
Thnaks

[captainjon]

All the banks use a slightly dif formula.Some calculate in dollars,some sterling and lastly turkish Lira.The average is I believe 100.000 lira,your £60000 is well in excess of that, so you would get top rate on a 30day agreement(you could make the period longer if you felt interest rates will decline further?)So you should be achieving 10.75 at the mo at the best bank!Good luck

[mercury]

We were in Finans on Friday. Yes the rate is 10.25 even for new customers with up to 300.000Tl and will drop another 25% next month.

[tinkerman]

I think you mean .25%

I don't think anyone can say for sure what the rate will be next month.

Tinx

[mercury]

Hi Andy. oops!! Ayse told us yesterday that the rate will come down .25% on the 1st September or maybe this is just ours.

[brianthegardener]

If you look at this link,

http://www.hurriyetdailynews.com/n.php?n=central-bank-will-continue-to-lower-rates-2009-08-28

you will see that further cuts in the interest rate is still to come  

[Lee08]

Thanks for all the advice,captainjon would that 10.75% be gross or net?
Thanks again