Calis Beach and Fethiye Turkey Discussion Forum

Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: Linda1953 on September 08, 2006, 17:22:14 PM

Title: Best Rate of Interest
Post by: Linda1953 on September 08, 2006, 17:22:14 PM

Which bank currently has the best rate of interest?  :)

Title: Best Rate of Interest
Post by: wickwilly on September 09, 2006, 11:37:38 AM

Linda is that for sterling or YTL?. AK bank is giving 5% on current Sterling accounts if you save for 1 month. Koc bank and AK bank (that I know of) are giving 18.5% on YTL accounts, again over a period of one month.

WW

Title: Best Rate of Interest
Post by: Linda1953 on September 11, 2006, 11:15:03 AM

For YTL Willy Finansbank is 18% just thought I could check out a better rate ta!

Title: Best Rate of Interest
Post by: Linda1953 on January 07, 2007, 13:42:15 PM

How are people finding the quality of service at their banks?

What are bank interest rates now have there been any changes? Or any better deals?

Title: Best Rate of Interest
Post by: Twin Bee on January 07, 2007, 21:32:05 PM

Finnasbank may give out 18% interest on your deposits - I only wish they would let you take out the money when you ask them for it!

Title: Best Rate of Interest
Post by: teresa321 on January 08, 2007, 05:49:00 AM

Please explain more Stuart.  Are you talking about the cashier running out of cash upstairs (has happened to me) or not being able to get your money out - without wishing to start a run on Finansbank:D.

Just getting my coat on now - see you there at 9am

Title: Best Rate of Interest
Post by: Twin Bee on January 08, 2007, 18:00:22 PM

Teresa we wanted to withdraw money to pay for our Tapu expenses only to be told they had another customers who needed more sterling than we did and we couldn't have it. Result was we had to pay our POA extra for her time as she had to go back on another day when they did have some sterling. We didn't want much money - under £2000 as I recall. We have since changed banks.

Title: Best Rate of Interest
Post by: teresa321 on January 09, 2007, 06:40:50 AM

Thanks Stuart.  I suppose they will only carry limited amounts of sterling but I can appreciate your annoyance. I was visiting Ayse and only wanted about 500 ytl and the cashier had run out of money, so I had to use the cash machine. This has happened to me in Lloyds as well so I suppose it was just a high demand day.

I did go in one day and ask for a few thousand lira and the cashier had to ring to check if I could have it as she had hardly any cash left and it was ok.  This did make me consider the fact that in the UK we are asked to give notice of large withdrawals so that they can make sure they have the money but I have never done this.

Just to keep this on topic - with a monthly interest account what day can you draw money without penalty?  My interest date is the 3rd of the month and shows on the account on the 4th.  We don't take the interest we just let it mount up but if I wanted to draw do I do it on the 3rd or the 4th?  A trip to Ayse will be needed otherwise as I never thought to ask.

Teresa
 

Title: Best Rate of Interest
Post by: Linda1953 on January 10, 2007, 11:11:10 AM

I have to back Stuart up on this one while I was waiting in the queue in Finansbank one morning, I rather irate English woman came up to me and complained she'd come to the bank today to withdraw £3,000 sterling but they would only give her £2,000 which meant she would have to come back another day to get the rest - this was for a property deposit and its not as if she did not have enough in her account. She went on to say to me 'they do not like you drawing out the sterling do they?'

Title: Best Rate of Interest
Post by: valentine on January 10, 2007, 12:53:19 PM

In fairness if you wanted to draw out a large amount of foreign currency in a bank in the UK you would have to give a reasonable amount of notice.

Title: Best Rate of Interest
Post by: teresa321 on January 10, 2007, 15:18:08 PM

You are right Val. Sterling is a Foreign currency and it is easy to forget that.

Title: Best Rate of Interest
Post by: Anne on January 10, 2007, 17:40:51 PM

Garanti explained to us that interest should be taken from our account on the date we opened the account account ie. 3rd March, April etc.  By doing this you are allowing for a full month of interest starting the following day, to do otherwise loses you that months interest payment. At lease that's my understanding of it but like you Teresa we've always just left it in the account.
Anne

Title: Best Rate of Interest
Post by: Linda1953 on January 11, 2007, 17:14:17 PM

Yes I do agree with giving notice and if I was going to do this in the UK I would have to give my bank notice.  I can only assume the lady concerned perhaps might have walked right in on the day and asked her request expecting to draw requested amount.

Title: Best Rate of Interest
Post by: teresa321 on January 11, 2007, 18:33:52 PM

Thanks Anne, makes sense.

Teresa

Title: Best Rate of Interest
Post by: Twin Bee on January 11, 2007, 23:34:15 PM

It wasn't that they didnt have the money - it was that that they said they were keeping it for another customer and were very rude!

Title: Best Rate of Interest
Post by: Linda1953 on January 12, 2007, 13:16:55 PM

Must be first come first served basis and you happened to be second in the queue, the thing is how would you know someone had not got there before you?

I have £20 sterling in coins and can I change them or get rid of them? nobody will take them not even the bank into my account - how strange! Anyone know why this is?