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What online companies have the lowest interest rates on pay day loans?
Check2Go and CashAmerica have the lowest interest rates on pay day loans. Both of these companies offer competitive rates but not as low as banks.
Which type of financial institution usually pays the highest rate of interest on savings account balances?
Online banks typically pay the highest rates of interest on savings account balances. This is because they have lower overhead costs compared to traditional brick-and-mortar banks and can pass those savings on to customers in the form of higher interest rates. Additionally, credit unions may also offer competitive rates, often prioritizing member benefits over profit.
Why do bank savings account interest rates change over the years?
The interest rate at which they lend out money changes, which changes your interest rate. Banks are a buisness and if their interest rates are lower then your interest rates, they make no money on it. The interest rate taht banks pay is changed because the rate that banks pay to the govenrment changes. Whnever the federal reserve rate changes,your interest rates can change.
How is the pay at citibank in New York?
Pretty good. Is one of the highest paid banks in usa.
Why are certificate of deposit interest rates so high?
Banks pay you a premium interest rates for leaving your money untoched for a predetermined amount of time.
What financial institue has the best CD interest rate?
A CD will pay higher rates than a saving accounts because they are very safe, even the best interest rates for certificates of deposits are lower than most other investment. in fact, the highest rates offered by very safe banks can be as much as 40% higher than national averages.
What banks offer private student loans?
All banks are offering student loans and they all have similar interest rates. It would be best to find scholarships to help pay for school.
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.
Of the available sources of consumer credit which tends to have the highest interest rates?
for nova net it is banks cuz they use the credit system fer your credit account which means they pay now n u pay later... n if u dont pay later then they can put it on ur credit score... which will hurt ur future btw...~nova net master of ninjutsu~
What is The rate of interest banks pay when they borrow money?
The rate of interest that banks pay when they borrow money is typically influenced by central bank policies and prevailing market conditions. This rate is often referred to as the "discount rate" or "federal funds rate" in the U.S., which is set by the Federal Reserve. Banks may also pay different rates depending on the type of borrowing, such as interbank loans or loans from the central bank. Ultimately, these rates can fluctuate based on economic factors and monetary policy decisions.
Who sets the bank mortgage interest rate?
Contrary to popular belief, banks do not fully control the interest rates for mortgages. It is in fact the Federal Reserve that is responsible for setting and changing the interest rates that you pay.
What is the current interest rate for a saving account?
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
