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Why do banks charge high interests rates?

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Armand Stiedemann

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4y ago

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Q: Why do banks charge high interests rates?
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Where can one find information on small business loan rates?

Information about small business loan rates can be found at local banks. When presenting them with a business plan of high quality the rates can be discussed. Banks tend to charge lower rates when the risk is lower.


What rates are typically charged by payday lenders for a loan?

Payday lenders charge unusually high rates for loans. Many of these companies are not governed by the same laws as banks and credit unions. They typically charge around twenty percent interest on their loans.


How do I find which banks have high interest rates?

You can check online to find the interes rates for different banks. You can use a search engine or check the websites of the different banks to find ones with the highest interest rates.


where do you see High CD Rates ?

You can find out more about which banks are offering high CD rates at www.cdrates.bankaholic.com and www.bankrate.com/cd.aspx .


What banks offer high interest rate accounts?

Different banks will offer different interest rates. Some banks that offer high interest rates include Ally Bank and Capital One which has an interest rate of 0.84% and 0.75%.


What practice by US banks led to complaints from farmers?

Banks set interest rates at high levels..


What banks offer a high interest CD?

"When looking for Banks that offer High interest Cd's, your going to want to look at credit unions and or banks that offer high interest rates for business accounts."


what is a libor rate and which funds does it apply to?

Banks charge interest when providing loans which are called libor rates. These are usually applied to loans that are 1, 3, and 6 years. Libor rates are usually very high because of the popularity of these loans.


What are the best high street branches for euro rates?

High Street banks for euro rates in London include HSBC and Standard Chartered. Other banks are Lloyd's Banking Group and the Royal Bank of Scotland Group.


Which banks and brokerage houses offer the highest money market rates?

CapitalOne Direct Banking, EverBank, AllyBank, FNBODirect are some of the banks that offer the highest money rates. ScottTrade, tradeMONSTER, OptionsHouse are some of the brokerage houses that offer competitive money market rates. Most banks offer money market rates. The rates for money markets vary by banks and can be as high as 1.5%.


What online banks have high interests savings accounts?

You can get a list of them here www.moneybluebook.com/the-best-online-high-yield-savings-accounts/


Which banks offer high interest rate savings accounts?

Bank Rates vary daily so you need to check on the Internet. The best rates are offered by strictly online banks. They can offer better rates because there is less overhead.