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What are the odds that the interest rates will return to greater than 5% on high interest CD's?
Wiki User
∙ 14y ago
The odds are pretty good that interest rates will return to greater tahn 5%. We are in an economic downturn right now, but the economy was strong before, and it will be strong again.
Wiki User
∙ 14y ago
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What are high yield saving rates?
High yield saving rates are simply savings accounts that pay a greater amount of interest from the financial institution to the account holder. As such, these rates require a greater amount of money to be committed to accrue higher rates of return.
What are the best account rates for high interest savings?
High interest savings just aren't as high as they used to be, thanks to the low interest rates being set by the fed. If you are able to find a savings account giving greater than 2%, consider it too good to pass up.
Consumers should be concerned about high interest rates because high interest rates?
High interest rates increase the cost of taking out a loan, making credit purchases more expensive.
How relatively high interest rates affect currency values?
What is important is not high interest rates but high real interest rates: that is, interest rates adjusted for inflation.If a currency has high real interest rates, foreign investors will want to buy into that currency. The increased demand will push up the price of that currency relative to other currencies and so its exchange rate will "improve".
Where can I find interest rates for a high certificate of deposit?
Interest rates are printed daily in the newspaper.
Impact of recession?
high interest rates such as the repo rates and high inflation rate
When you are earning interest is it better to have high or low rates?
High rates.However, high interest rates are usually a consequence of high inflation rates and so what matters is not the interest rate but the real interest rate which is the nominal interest rate relative to the inflation rate.Thus a 3% interest rate when inflation is 1% is better that a 5% interest rate when inflation is 4%.
What is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
Cash advance loans rip you off with high interest rates.?
Cash advance loans rip you off with high interest rates.
How do high interest rates affect consumption expenditure?
High interest rates will make saving more attractive to consumers than spending. They will get a higher return on their money if they save it, which leads them to put more of their money into saving. This leaves them with less money to spend resulting in lower consumption
What exactly is a high interest savings account?
With a high interest savings account, the saver can get a large return on their savings. At current rates, the interest can range between 3-5%. However a large amount of accounts with higher interest may impose a penalty if you withdraw from that account.
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
