Turkish Bank (UK) makes rate changes

Category: Savings
Date: 2/25/2010

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.

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