TBUK CUSTOMER LETTER ON DEPOSIT RATES
Dear Valued Customer,
First of all, we thank you for being a valued customer of TurkishBank UK
We remain fully committed to serve your banking needs with service excellence and keep you closely informed on important developments shaping up financial markets in the UK and globally that may have an impact on your finances and savings with TurkishBank UK.
Certain principles are fundamental to our success; with your trust and confidence over 50 years of legacy in the UK, we continue to work hard to consistently provide superior service at all times so that our customers, employees, and communities can be proud of their Bank.
To this end, consistent with our goal to ensure that our esteemed customers can take their decisions on their savings accounts on a fully informed basis, we aim to regularly reach out and communicate these important changes through letters, phone calls and through updates on our website.
With this letter, we are informing you that we have announced the 3rd increase in deposit rates this year across various currencies and tenors; in line with our earlier announced policy of following dynamically the increases in interest rates declared by Bank of England (BoE), Federal Reserve Bank (FED) and European Central Bank (ECB).
With prolonged impact of inflationary pressures resulting from rising energy prices and continued disruptions in the global supply chain, wider market expectancy is further rate hike decisions by these leading central banks. We are committed to continue with our regular review of our deposit rates to ensure our customers benefit from these changes through higher earnings on their hard-earned savings trusted with TurkishBank UK.
For your reference and convenience, latest deposit rates are available to view on our website at www.turkishbank.co.uk.
Alternatively, please contact your branch or relationship manager at +44 (0) 207 403 56 56.
We would like to thank for your continued confidence and trust.