answersLogoWhite

0

How does someone save interest rates?

Updated: 9/23/2023
User Avatar

Wiki User

11y ago

Best Answer

Someone will save interest rates by having good credit, by not being late on bills, by not having any charge off's in one's credit history and by shopping for the best interest rates.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does someone save interest rates?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Should I share my remortgage interest rates or get someone elses?

You should share your remortgage interest rates. Sharing your remortgages decreases the pressure on your payments. You pay less and save more money that way.


How do you use personal loans to save tax?

tax have exemption on the interest rates on personal loans.


Which of the following would be a likely result if interest rates are high?

People would save more money.


How do changes in interest rates affect money supply?

When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.


How do changes in interest rates affect the money supply?

When the interest rates are high, people would prefer to save than holding money. That means money supply in the economy is decreased. Whereas when the interest rates are low people prefer to hold money and spend, means increased money supply in the economy.


What is the range on used car interest rates?

The average range of car interest rates will vary depending on your credit rating. Someone with an excellent rating should be able to get an interest rate of 2.99%. Those that have a bad credit rating could be quoted rates as high as 19%.


What are the best interest rates to save money?

Currently the best interest rate to save money is to buy a U.S. Savings Bond. It isn't something that you can immediately withdraw like a savings account, but you'll make more off the interest in the long run.


How does interest rates affect people?

Interest rates affect the value of holding assets compared to the value of holding money (since putting your money in an investment or a bank account is the opportunity cost to holding it as money). When interest rates increase, it is more profitable to save money than before, so the savings rate (the rate at which people save money at) increases and consumption decreases. Additionally, the interest rate also affects the net present value of the capital stock, wages, and other inputs in production, so production changes with the interest rate. Therefore, the interest rates can affect consumption and production.


How can one ensure they are receiving the best interest rates on their savings accounts?

Savings accounts are very important for people who needs to learn how to save. In order to make sure a person is receiving the best interest rates is if the person ask many questions to a broker about their interest finances.


When we talk of interest rates are these the borrowing rates or the lending rates?

When we talk of interest rates , we are talking of the interest rate on the total amount of money borrowed by a person.


What are local banks interest rates on CD's?

It just depends on what bank you're dealing with and where you're located. Since a particular city hasn't been specified I would suggest that you talk to someone online about interest rates or you can contact someone at a local bank.


What is the interest rates on cooperative loans?

The Interest Rates on cooperative loans are 24%.You can confirm this number by visiting sites online or doing research on such a topic.You could ask someone knowledgeable on the topic for help