It depends on the country and bank. It is called the Prime Lending Rate or PLR. PLR is the rate of interest banks charge their most credit worthy customers. It is usually 0.5 to 1% less than the rate charged for regular customers
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PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks
Interest Rate is the cost of borrowing money. When a bank or other lending institution lends money to you, they charge what is called an interest rate. This interest rate is typically set by governing bank of the country - for example, in Canada it is the Bank of Canada, in the USA it is the Federal Reserve. This is called the Prime Rate and is the rate of interest banks charge their best customers. You and I usually get .5% or 1.5% more than that. Credit Cards charge a lot of interest - typically 20% to 22% per annum.
The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings.
interest rate banks charge their best customers
prime rate
usn comm
usn comm
PLR stands for Prime Lending Rate. This is the rate of interest at which banks grant loans to their best customers. Usually the PLR is comparable and has very little difference between banks. The PLR is usually very similar among banks
Interest Rate is the cost of borrowing money. When a bank or other lending institution lends money to you, they charge what is called an interest rate. This interest rate is typically set by governing bank of the country - for example, in Canada it is the Bank of Canada, in the USA it is the Federal Reserve. This is called the Prime Rate and is the rate of interest banks charge their best customers. You and I usually get .5% or 1.5% more than that. Credit Cards charge a lot of interest - typically 20% to 22% per annum.
The "Prime Interest Rate" is the interest rate used by banks to base all their loan interest rates (and sometimes other interest rates) on and is usually lower than the lowest rate charged on loans to customers with the best credit ratings.
The Canadian prime rate refers to the rate a which lending companies such as banks charge their preferred customers. They do this because these customers are seen to have the least amount of risk.
Typically, the best rates available for savings and checking accounts are those that online banks give to their customers. Since they don't have overhead costs like brick and mortar banks, there rates tend to be better.
The banks that offer interest accounts are Ally Bank, Mutual of Omaha Bank, Citibank and a average bank should have that. Compare the interest rates at best rates to get the best.
Some of the best banks with the highest interest rates for saving accounts are the Bank of England, the Bank of Switzerland, and various banks in the Cayman Islands.
Interest rates change daily for banks. The best place to find current interest rates for banks in San Diego is by checking Bankrate.com