davemaden

Member
£5000 to invest
my son has an account in england with £5000 in , and i was thinking about putting it in a monthly account in turkey to earn more interest would this be wise ? as im wondering when he needs the money , will i loose what ive made in interest , due to the cost of changing it back to sterling ? thanks
 

GnD

Member
£5000 to invest
We met a couple out in Turkey who have been doing just that for their son.

Initially a couple of years ago, they were getting 20 odd percent but this year was around 9% on instant access account, although told while opening the account it would be 12%!

You'll have to work out the benefit versus the hassle. The last account opening took him well over and hour.

take a look at this thread too for more info.

http://www.turkishliving.com/forums/alanya-forum/27562-high-banking-interest-rates.html
 
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