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9th February 2010, 07:23
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#1 (permalink)
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Senior Member
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Sterling saving account
can anyone tell me how these sterling accounts work?-i have been advised i can get 7,50apr on savings using a sterling account--i am concerned at the moment of bringing in gbp because of the poor exchange rate at the moment-will this be a hedge against this problem?-its with isbankasi
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9th February 2010, 07:37
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#2 (permalink)
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Senior Member
Join Date: Mar 2005
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Re: Sterling saving account
I'm sorry to say that I believe a sterling account is a much, much lower rate. YTL accounts are up around the 7.5-9.9%. Good luck.
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9th February 2010, 07:38
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#3 (permalink)
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11 from 18
Join Date: May 2008
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Re: Sterling saving account
why are you bothered about the exchange rate ? if you take stirling in and put it in a stirling account the rate is irrelevant.
I was offered about 3% on stirling, so i would double check if i was you
martin
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35 years is a long long time
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9th February 2010, 07:39
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#4 (permalink)
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Living in Paradise!
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Re: Sterling saving account
Just to confirm you will not get anywhere near that rate for GBP, more like 1.5 - 2%.  |
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9th February 2010, 07:43
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#5 (permalink)
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efes boy
Join Date: Nov 2008
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Re: Sterling saving account
i have a sterling account, i dont get any interest on it . the only interest i get is on my savings account and i get 8.75 at the moment
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a hug is a great gift,one size fits all 
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9th February 2010, 07:44
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#6 (permalink)
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Student of philosophy
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Re: Sterling saving account
The rate you quote is nearer TL rates after tax is deducted.
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Never take life too seriously, nobody ever gets out alive anyway.
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9th February 2010, 07:45
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#7 (permalink)
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Senior Member
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Re: Sterling saving account
thats what i thought--but my wife said i can get 7,5pc for 3 months with my 'own' bank in a sterling account--they are enticing me to bring my money in she says!
Like you i believed they reflect the uk rates! i get 3,5pc in a tax free isa and can hold but 7,5pc is enticing!-hopefully in 3 months the sterling will bounce upward!!
How do they actually work?
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9th February 2010, 07:48
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#8 (permalink)
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Student of philosophy
Join Date: Jul 2009
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Re: Sterling saving account
How the Banks work in Turkey is a total mystery.
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Never take life too seriously, nobody ever gets out alive anyway.
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9th February 2010, 07:57
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#9 (permalink)
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Senior Member
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Re: Sterling saving account
just quized my wife-under the interogation lamp and she told me wrong--ignore me!! the sterling account is a lot lower as you say--but how do they actuality work in 'our' favour?
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9th February 2010, 08:03
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#10 (permalink)
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11 from 18
Join Date: May 2008
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Re: Sterling saving account
banks work in our favour ? no chance ! your best hope is to transfer a load of money buy yout tl at 3 tl to the pound then hope the pound gains on the lira so its worth 1.5 tl then buy your pounds back
buy high sell low, there are professionals in the city who do that and not always successfully
martin
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35 years is a long long time
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