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Prime rate
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∙ 11y ago
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What is the prime interest rate?
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.
What is the best or lowest interest rate commercial banks charge their customers?
prime rate
When the fed auctions and loans reserves using the term auction facility what determines the interest rate that will be charged for those reserves?
The interest rate of the lowest bidder whose bid is accepted
Which type of stocks have the lowest risk to shareholders?
There are two types of stock: preferred stock and common stock. Preferred stock has the lowest risk to shareholders.
What is meant by the the prime rate?
Prime rate is the term used by financial institutions for the rate of interest given to their customers with great ratings. It is often the lowest of the interest terms, and is the rate which banks use to lend funds to each other.
What is the lowest interest rate that may be charged to relatives?
From a non-taxable standpoint, 0% is the lowest rate that may be charged to anyone (not just relatives). From a taxable standpoint, the Applicable Federal Rate is the lowest rate that may be charged to anyone (not just relatives) if the lender wants to avoid paying taxes on the difference between the rate charged and the Applicable Federal Rate. Effectively, any loan with a rate under the Applicable Federal Rate is giving someone a gift of the difference as interest. Since the borrower is receiving the benefit of the gift, the lender must pay the taxes associated with the gift. A link to the current Applicable Federal Rate is included below as part of this answer.
What is the lowest interest rate in the country?
The "prime" rate, which is regulated by the Federal Reserve Commission, with its' well-known chairman, Alan Greenspan. Prime is the interest rate that is charged to banks and lending institutions. It is THE basic rate which determines all other rates.
What type of loans have the lowest interest rates?
Typically, home loans have the lowest interest rate. Credit cards and Pay Day loans usually have the highest interest rates.
What is the lowest credit card interest someone can have?
6.99% to 9.99% is what the lowest credit card interest that can be expected is. A card with such low interest can not be expected to come with very many perks.
When using lowest prices charged to other customers in support of your price analysis how far should you go back to gather recent prices?
It will depend based on the market. Generally, it will vary from three months to a year
Where can I apply for the lowest interest credit cards?
The lowest interest rates on a credit card are made when the person has a good credit rating. The higher the limit, the lower the interest rate also.
What are the best credit cards deal with lowest interest rate?
The Capital One Platinum Prestige card has the lowest interest rate with an intro APR of 0%. They also appear to have the lowest interest rate after the intro period ranging between 10.8% - 18.9%
