Over the years I have seen various topics on here regarding bank interest but never took much notice. Obviously the rate has dropped quite dramatically over the recent years and so I have lost track on how thisngs work over there.
Several years ago I opened a Garanti Bank account (on the same day I recall as a certain Mr Campbell) I opened a TL & GBP account, I have not used these accounts recently because I noticed that rather than get some interest, I was regularly paying them bank charges. So what type of account do I need to open to receive some interest?
How often is the interest paid on money deposited?
Do you have to lock in your investment for a period of time or can you make withdrawls if required.
I hear about gross rates but what can you expect to get back on say a £100,000 deposit.
Thanks in advance all.