Intrest rates

[cadavanti]

hello all
With intrest rates at a all time low in the UK, can anybody tell me what the bank guarantee on deposits is out in turkey, along with the state of the econemy,I have a intrest account out in Turkey but unsure to increase deposits,  am not back out untill Feb to ask the bank but was wondering if there were any ex bankers or financial expats with an opinion

[saoirse]

rates are dropping like a stone

Garanti now offering just 13%

Days of living off high intrest have gone

[Diverbaz 1]

Oh dear only 13%, and the Uk rate is?

Baz

[beldibi]

At the moment the limit is 50,000tl per a/c.

[Crabbit]

quote:Originally posted by Diverbaz 1

Oh dear only 13%, and the Uk rate is?

Not falling as much as the Turkish rate.  

[number2]

If the rate in England drops any lower you will have to pay the bank to look after your money. Alan

[grahamturner09]

Allan we already do

[Eric]

Some UK banks are offering 0%, so with charges you are paying them, ie losing money.

[chris tippett]

Cadavanti, this place is full of bankers, most of them haven't a clue what they're talking about though they like to think they do!
I'm still getting 20 % and if you have a joint a/c the guarantee is 100,000tl, though what a Turkish guarantee actually means is open to debate.
The Fethiye Times is a very useful site and as I understand it Turkish banks deal predominently in cash and are not exposed to loans and debts to the same extent as uk banks and are therefore relatively safe during these turbulent times.

[Eric]

"Cadavanti, this place is full of bankers, most of them haven't a clue what they're talking about though they like to think they do!"


And you are Chris?