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Are the interest rates of a CD likely to go up in the next few months?
Wiki User
∙ 14y ago
Yes, the interest rates will most likely go up due to the economy
Wiki User
∙ 14y ago
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What are some benefits of the rbs credit card?
You can Enjoy 0% interest for 18 months on your balance transfers. And pay 0% interest on purchases for the next six months. Provides you excellent customer service.
Which of these people repaid his loan at a variable interest rate?
Gary, who paid $37 each month for the first six months and $67 for the next six months, would have paid his loan at a variable interest rate.
Of consumer credit which has highest interest rate?
The highest interest rates charged for consumer credit are the Pay Day loans, which if rolled over can end up at a 400% interest rate. Pay Day loans are outlawed in some states such as North Carolina. The next highest are the Rent to Own store plans which often end up doubling the cost of an item through the accumulated interest charges.
How does interest in a mortgage work?
the interest on a mortgage works as follows it either accumulates every X amounts of months (depends on your mortgage) for the example its monthly. If your annual mortage is 7 percent. Every month the add on (7/12) of a percent of what you owe back onto what you owe. Say you owe 100,000$ that would be 583$ added every month. so if you pay off 1000$ you still owe 99,583 and your next months interest will be 581$ and this will continue till you pay it all off
What payment method typically charges the highest interest rates A Credit cards B Cashier's checks C Prepaid cards D Payday loans?
Payday loans... the borrower is expected to repay the whole debt before their next pay-day.
How have car loan rates changed over the last three months?
Due to the current economic situation in the United States lenders are raising interest rates, demanding higher downpayments, putting greater restrictions on zero percent financing, and implementing tougher credit requirements to get a loan. If the situation does not improve I will hate to see what the next 3 months brings.
What are some benefits of the rbs credit card?
You can Enjoy 0% interest for 18 months on your balance transfers. And pay 0% interest on purchases for the next six months. Provides you excellent customer service.
Who can tell whether or not DBS deposit rates attractive?
Yes DBS time deposit are available with attractive interest rates. You get options to invest in these time deposits in a variety of currencies. Not only that the principal and interest can be automatically rolled over to the next period.
Which of these people repaid his loan at a variable interest rate?
Gary, who paid $37 each month for the first six months and $67 for the next six months, would have paid his loan at a variable interest rate.
How to Find the Best CD Rates?
Interest rates are at an all time low, which is why it is more important that ever to shop around when you have decided to invest your hard earned money into the relative safety of a certificate of deposit (CD). CD rates will vary greatly depending on a number of factors, each of which you must weight carefully when planning out your investment strategy and long term financial goals. You will get the highest CD rates, paying you the most interest on long term CDs. Generally speaking, the longer the time to maturity for your CD, the higher the CD rates will be. By effectively lending your bank money for a longer time, they are more inclined to reward you by offering better interest rates on your certificate of deposit. For example, a CD that reaches its maturity in 6 months may have an interest rate as low as 1.11% while a CD for the same amount that has a maturity date of 18 months may have an interest rate of 1.75%, which is a difference of approximately 47% on your return. While the difference may be negligible if you are investing a small amount of money, on larger investments, the difference is immense. To find the best CD rates, you will have to shop around locally and on the internet. First, start looking for CDs from your local banks. Sometimes, they will have promotions in order to boost business and offer very competitive CD rates to draw in customers. Often, smaller, local banks will offer better interest rates than larger, national banks. Next, consider looking at online internet banks for CDs. These banks have very little overhead, so can pass on these savings to you by offering better CD rates than physical banks. Finally, consider buying a CD from your brokerage firm. If you have been a long time customer, you may be entitled to getting better interest rates on your CDs. Finally, think about investing more money to get better interest rates on your CDs. Banks often offer better CD rates that are directly proportional with the amount that the customer spends on the CD. Ask your bank about how much money you need to invest to get bumped up to the next interest rate tier that is within your budget. Finding the best CD rates can be time consuming, but the time spent on researching various banks can pay off with better returns in the future.
What does the word compound means?
Compound in interest rates is as thus, compounded monthly means,if you get 3 cents interest this month, next month it compounds to 6 cents and so on! The next month 12 cents, depending on your financial institution and the rise and fall of interest rates.
What are some drawbacks of same day loans?
Interest rates. Same day loans are small, short-term loans that are meant to be paid back the next day. Interest rates can be as up to 400%, and you may soon find yourself in significantly more debt than what you were loaned, so avoid these if at all possible unless you have no choice.
Will LIBOR rates go up or down in the next 6 months?
AnswerIts less likely that LIBOR rate will go down in near future. increase in retail sales to .6% from expected .3% as well as inflation indications makes a change in LIBOR rates less likely LIBOR, the London Interbank Offered Rate is a basis against which reference banks quote a cost of funds from overnight to one year in 10 currencies.http://en.wikipedia.org/wiki/London_Interbank_Offered_Rate
Which banks in Seattle Washington offer the highest cd interest rates?
CD interest rates vary daily across banks. For upto date information on banks in the New York area check bankrate.com Twinstar credit union in Seattle Washington offers the highest C.D intrest rates. There current rate for a C.D is 1.60 percent. After twinstar, the next highest is Pacific Crest with a intrest rate of 1.50.
What are speculative balances?
Speculative balances are pretty much money used to capitalize on an uncertain gain in the future. For example... When interest rates are high people prefer to buy bonds because they believe that the next movement in the rate of interest will be downward so the bond prices will increase and they will make capital gains. But as interest rates decrease more and more people will stop investing in bonds because they believe the next movement in the interest rate will be up and bond prices will fall thus leading to capital losses. To avoid these capital losses, people hold more speculative balances (money).
How do you convert diminishing rate of interest to flat rate of interest?
Converting the flat rate of interest to diminishing rate and vice versa takes into account the payments the loan entails. Flat interest rates reflect the amount of interest you will pay if no payments over time are made. Diminishing interest rate factors in that after a payment is made, your over all loan balance will be less, there for your next payment will have slightly less principal balance for interest to be calculated on.
How to Get the Best Interest Rate on Your Auto Loans?
Most consumers realize that the higher their credit scores are, the lower their interest rates will be when they borrow money. However, even if you don't have the top credit score right now, by being proactive, you can ensure that you get the best interest rate the next time you buy a vehicle. Start by getting a copy of all three of your credit reports. Look for inaccuracies and dispute anything that is not correct. Then, start building your score by paying off old debts and by paying all of your bills on time. If you do this several months before you are ready to purchase a vehicle, you can ensure you will get a great rate of interest.
