For California the usury limit for personal loans is 10%.. and anything greater should only be verbal as not to get caught up, but if it is in writing then it would be against the law and considered loan sharking.
I am trying to find the answer to this question because I am getting charged over 90% interest by cash call, and I don't think this is at all legal!!!
Usury laws provide that interest rates charged on any loan may not exceed 25% As high as the lender wishes it to be.
The law says 14%
contact your State Attorney Generals office
American Express Personal Savings account is currently offering one of the highest interest rates on your money. They are offering a 1% interest on your money as of August 2011 with no fee.
The biggest benefit of an American Express Personal account is the high interest rate you receive. Their rates are among the highest and most competitive in the area of interest rates on accounts.
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.
Depends on the state you live in, contact you state Attorney General office
There are several ways to deal with personal debt loans. You can consolidate all of the loans or can use the ladder approach as several famous financial gurus suggest. Pay the highest interest rate first then move on down the ladder to the next highest interest rate.
In Florida, the highest interest rate that may be charged by a finance company for loans under $500,000 is 18% per annum. Be cautious, however, because there are no limits on the amount of fees that may be charged for the application or origination of the loan.
All of the credit unions and the regular personal banking centers are pretty much the same for money market accounts. You are better off going online money markets as they are different standards then the banks and they have a higher intrest.
The absolute highest cd interest rates is about 10%