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Q: When interest rate of a bank remains same what you will do?
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What is the standard interest rate on an interest bearing checking account at Chase bank?

The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.


Which type of interest rate remains the same throughout the length of the loan?

fixed


How does fixed rate loan work?

Interest remains the same over life of loan


What is the bank interest rate today?

Bank interests today vary depending on the bank that is choosen Not all banks have the same interest rate so the best thing to do would be to compare them til you find the rate that best suits your needs


What is different about fixed rate mortgages?

The most important difference is the interest rate on the note remains the same through the term of the loan, instead of a common loan where the interest rate may adjust.


Are interest rate and rate of return the same?

Yes, the interest rate and rate of return are exactly the same.


What is the English base rate?

Same as the Bank of England base rate - the key interest rate figure for loans etc which is set monthly by the Bank of England (usually the first Thursday of each month)


Are interest rate and coupon rate the same?

Actually they mean the same thing but they are used in two totally different situations. Interest Rate is the money paid by a bank that has accepted a deposit from a Customer. Coupon Rate is the money paid by a person who has issued Bonds to people in return for the money they have given him.


What types of rates does Jacksonville Mortgage Refinancing offer?

The types of mortgage loans offered by Jacksonville Mortgage Rates are: Fixed Rate Mortgage, where the interest rate remains the same for the life of the loan, and Adjustable Rate Mortgage in which the interest rate is tied to stock market activity.


When do mortgage rates get fixed?

A fixed mortgage rate is when the interest rate remains the same for each payment. The person making the loan repayments benefits from a fixed interest amount and knowing the amount will remain the same. Fixed loans depend on the duration and the loan amount.


How does your bank know the prime interest rate?

Your bank will know the prime interest rate (also known as the "United States Prime rate" in the same manner that it becomes known to other banks. The rate is determined by the Wall Street Journal based on polling the nations top 10 banks. The rate is updated when at least 7 of the 10 banks change their interest rates. The rates are a composite of these top banks and the "prime interest rate" is published in the Wall Street Journal.


Do prime interest rates vary from bank to bank?

Because the rate is based largely on big banks in the nation, most banks don't change their prime rate often. When they do make changes it is done very close to the same time. This means most prime interest rates are going to be basically the same.