Calis Beach and Fethiye Turkey Discussion Forum

Other Local Resorts & Areas => Uzumlu Discussion Forum => Topic started by: cadavanti on January 18, 2009, 11:30:35 AM

Title: Intrest rates
Post by: cadavanti on January 18, 2009, 11:30:35 AM: 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
Title: Intrest rates
Post by: saoirse on January 18, 2009, 13:39:34 PM: rates are dropping like a stone

Garanti now offering just 13%

Days of living off high intrest have gone
Title: Intrest rates
Post by: Diverbaz 1 on January 18, 2009, 16:20:56 PM: Oh dear only 13%, and the Uk rate is???????:D

Baz 8)
Title: Intrest rates
Post by: beldibi on January 18, 2009, 17:28:47 PM: At the moment the limit is 50,000tl per a/c.
Title: Intrest rates
Post by: Crabbit on January 18, 2009, 18:23:19 PM: quote:
Originally posted by Diverbaz 1

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

Not falling as much as the Turkish rate. :D

(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
Title: Intrest rates
Post by: number2 on January 18, 2009, 18:42:38 PM: If the rate in England drops any lower you will have to pay the bank to look after your money. Alan
Title: Intrest rates
Post by: grahamturner09 on January 18, 2009, 19:14:29 PM: Allan we already do :D
Title: Intrest rates
Post by: Eric on January 18, 2009, 19:24:13 PM: Some UK banks are offering 0%, so with charges you are paying them, ie losing money.
Title: Intrest rates
Post by: chris tippett on January 18, 2009, 20:19:42 PM: 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.
Title: Intrest rates
Post by: Eric on January 18, 2009, 20:34:44 PM: "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????
Title: Intrest rates
Post by: Eric on January 18, 2009, 20:47:16 PM: The current trend cannot continue. Lending rate is 13%, investment rate is 20%. Therefore if you borrow 1000 ytl over 1 year you pay back 1130 ytl. If you invest the 1000 ytl you have borrowed over the year you get back 1200 ytl. Pay back what you have borrowed and you make a profit of 70 ytl. In other words the bank makes a loss of 70 ytl. Multiply this up to whatever figure you like, the banks make a loss. How long can this continue? I forsee a big reduction in investment rates before long.

No I am not a banker but I can do simple maths.
Title: Intrest rates
Post by: number2 on January 18, 2009, 21:24:40 PM: I went in Yapikredi for my interest on friday, it has now dropped to 15%, and as far as i know it is still only a 50,000ytl guarantee, when was it increased, and when was it publicly stated. Alan
Title: Intrest rates
Post by: wickwilly on January 19, 2009, 06:19:39 AM: It is still only 50000 Guarantee. The 100000 was not approved by parliament.

WW
Title: Intrest rates
Post by: banker on January 19, 2009, 08:38:50 AM: The guarantee is still 50.000 ytl per person. And %20 is really impossible today but %13 and %15 are really low. :)
Title: Intrest rates
Post by: saoirse on January 19, 2009, 10:01:03 AM: banker for say 100000 tl whats the best rate you could offer?
Title: Intrest rates
Post by: banker on January 19, 2009, 12:32:08 PM: I can offer you %16.5 for now. :)
Title: Intrest rates
Post by: kevin b on January 19, 2009, 15:09:50 PM: quote:
Originally posted by banker

The guarantee is still 50.000 ytl per person. And %20 is really impossible today but %13 and %15 are really low. :)

Why is rate suddenly low Alper
Title: Intrest rates
Post by: banker on January 19, 2009, 15:32:04 PM: Central bank took %2 down because of international markets position.
I think this will go down for next two month too. This is a good idea to make your interest accounts as long as you can like 50-60 days.

If you need any help please do not hesitate to send an email.
Title: Intrest rates
Post by: peecee on January 20, 2009, 16:35:56 PM: Banker, do you think the rates are going to continue to fall?
Title: Intrest rates
Post by: tinkerman on January 20, 2009, 16:57:42 PM: They will fall for the next couple of months.
Title: Intrest rates
Post by: tinkerman on January 20, 2009, 17:09:53 PM: Banker, the sixty day rate is lower than the thirty day rate.
Title: Intrest rates
Post by: chris tippett on January 27, 2009, 16:43:43 PM: Finansbank monthly rate has gone from 21% to 14.75 %. Aaaaarrrrgggghhhhhhhhhhhhh
Title: Intrest rates
Post by: Eric on January 27, 2009, 18:16:13 PM: Surprised you are worried Chris? Rumour is you are leaving Turkey:D ;)
Title: Intrest rates
Post by: Crabbit on January 27, 2009, 18:42:59 PM: (http://i409.photobucket.com/albums/pp173/crabbit49/gossipmongers.gif)

(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
Title: Intrest rates
Post by: Eric on January 27, 2009, 18:46:03 PM: And your point is???? (_|_):D
Title: Intrest rates
Post by: Crabbit on January 27, 2009, 19:10:37 PM: quote:
Originally posted by Eric

And your point is???? (_|_):D

oooh, we`ve learnt how to make an arse. :D

(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
Title: Intrest rates
Post by: Crabbit on January 27, 2009, 19:12:22 PM: PS,
My point is,

(http://i409.photobucket.com/albums/pp173/crabbit49/gossipmongers.gif)

(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
Title: Intrest rates
Post by: Eric on January 27, 2009, 19:50:40 PM: quote:
Originally posted by Crabbit

Quote
Originally posted by Eric

And your point is???? (_|_):D

oooh, we`ve learnt how to make an arse. :D

Ah, is that what it is, and here's me thinking it was a version of a plump smiling face ;)

1. We live in Uzumlu not Calis (yeh I know its a Calis forum)

2. Chris has been asking about transporting house furniture back to the UK.

3. Chris has been trying to find a new home for his two cats.

Okay we may have jumped to the wrong conclusions ;) but perhaps Chris can come on here and set the record straight.

I also know that it is none of our business Chris, my first post was supposed to be tongue in cheek/funny, but Crabbit is being Crabbit:D
Title: Intrest rates
Post by: brianthegardener on January 29, 2009, 16:03:32 PM: is he still looking to rehome his cats..im looking for A cat, but would be prepaired to take two so as not to split them up, if it makes them happy, the cats that is?????? :)
Title: Intrest rates
Post by: chris tippett on January 29, 2009, 16:47:15 PM: Brian, have emailed you. Cheers, Chris
Title: Intrest rates
Post by: brianthegardener on January 29, 2009, 17:59:30 PM: quote:
Originally posted by chris tippett

Brian, have emailed you. Cheers, Chris

thanks for e-mail Chris..will be intouch, awaiting message from my friends as i dont have transport..will be intouch..i promise!!