Turkish Bank (UK) makes rate changes - Savings - News - Moneyfacts


Turkish Bank (UK) makes rate changes

 Turkish Bank (UK) makes rate changes

Category: Savings

Updated: 25/02/2010
First Published: 25/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Turkish Bank (UK) has increased the rate of interest on its three and six month bonds.

3 Month Fixed Term Deposit: £5K - 2.50% (+ 0.25%), £50,001 - 2.55% (+ 0.25%), £100K - 2.65% (+ 0.25%), £250,001 - 2.75% (no change).

6 Month Fixed Term Deposit: £5K - 2.65% (+ 0.25%), £50,001 - 2.75% (+ 0.25%), £100K - 2.90% (+ 0.25%), £250,001 - 3.00% (no change).

It is good to see Turkish Bank bucking the trend of increasing rates on bonds with terms of less than a year.

Four out of five Moneyfacts stars have been awarded.

Compare fixed rate bonds - short term fixed rate bonds or medium fixed rate bonds
or long term savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

6 of the best monthly interest savings accounts

Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – and therefore allow you to take a regular income from your hard-earned cash.

Savings being used as a festive financial buffer

Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were a year ago, but the question is, will you be dipping into that buffer to cover the cost of Christmas?

6 of the best easy access savings accounts

Easy-access savings accounts are as simple as they sound – they allow you to access your money whenever you need it, without having to give advance notice, and they also allow you to pay into them at any time. Here are six of the best.