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What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?
Wiki User
∙ 13y ago
annual percentage rate
Wiki User
∙ 13y ago
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Where can one find more information about small business accounts?
Small business accounts are often provided by financial institutions as a financial vehicle for small businesses. Often times these are checking accounts, with moderate interest returns, and may carry monthly fees. Some banks may offer additional features, such as custom checks, checking protection, and advances on these accounts.
Does interest apply to dormant savings accts?
No. Banks will offer interest only on active bank accounts. Dormant accounts are inactive and do not earn any interest. Customers need to keep their accounts active if they wish to earn an interest through their accounts
What is sweep accounts?
A sweep account is a combination of two or more accounts at a financial institution used to manage a steady cash flow between a cash accountant an investment account. Sweep accounts are primarily used to avoid paying interest on business checking accounts and optimizing investment returns, while leaving the money easily accessible.
Do All accounts receive the same rate of interest?
No. All accounts are different and thus have different risks and rewards. Thus, all accounts will accrue interest differently (although some may share the same interest rate).
What is an example of a time deposit?
A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. Time deposits usually refer to savings accounts, and are held by individuals.
What is the term used to describe the dollar amount of a periodic interest changed by financial institutions on credit accounts?
periodic rate
Which financial institutions offer high interest accounts?
Some of the financial institutions that offer high interest accounts are; Federal Credit Union, Franklin Savings Bank, and Workers Credit Union.
What are the best sources for checking interest rates?
Interest rates for checking accounts can be obtained through individual banks and financial institutions. In many areas, the local newspaper will list current interest rates for each financial institutions weekly.
How can financial institutions offer a interest free credit card?
Financial institutions can offer an interest free credit card to sign up new accounts. The restrictions are quite severe including paying the balance in full each month. With one late or partial payment, interest reverts to the maximum limits.
Does ing direct UK offer competitive interest rates on savings accounts?
Any financial business that wants to stay in business will want to be competitive. I suggest obtaining the interest rates of several financial institutions and then choosing the one that most appeals to you.
Which UK financial institutions offer a low interest balance transfer rate?
UK financial institutions that offers a low interest balance transfer rate include ANZ, BankWest, and Citibank. Many of these financial institutions also offer interest free deals for a certain amount of time.
How do financial institutions calculate interest rates?
Financial institutions base their interest rates on fluctuation of today's market. If the market is doing well then interest rates are high. If the market is down, interest rates goes down along with it.
What is a SWIFT MT991?
It is a message sent from financial institutions by computer to other financial institutions to request payment of interest and other fees.
What is the source of income for financial institutions?
interest from loans made
Where can one find more information about small business accounts?
Small business accounts are often provided by financial institutions as a financial vehicle for small businesses. Often times these are checking accounts, with moderate interest returns, and may carry monthly fees. Some banks may offer additional features, such as custom checks, checking protection, and advances on these accounts.
What is the major source of income for financial institutions?
interest from loans made
What is a certificate of deposit interest rate?
A certificate of deposit interest rate or CD is a time deposit, a financial product commonly sold in the United States by banks, thrift institutions and credit unions. CDs are similar to savings accounts.
