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What is the interest on savings accounts?
Savings accounts with traditional banks typically do not have high interest rates. Banks such as Ally or ING Direct offer slightly higher interest rates that are approximately .75 to 1 percent.
Which banks offer the lowest mortgage interest rates?
It depends on your situation. Some banks will be able to give you better rates than others who usually are higher and vice verse.
How does Citibank interest rates compare to other banks?
Citibank interest rates are almost the same as the other banks. They might have a few different interest rates, depends on what kind of product, the interest would be different compare with other banks.
Which online banks have the highest CD interest rates?
Which online banks have the highest CD interest rates? can help you find the best current rates.
Which banks offer the best savings accounts?
Any bank with decent interest rates is worth looking into, however this largely boils down to personal preference and your ability to check with local banks who may offer higher interest rates and/or different perks than national banks.
Why is it a bad idea to get a payday loan?
payday lending operations charge higher interest-rates than traditional banks
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.
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%.
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.
Would banks decrease or increase interest rates if they had less money to loan?
If banks had less money to loan they would increase their interest rates. This is because they would have to make the most profit off of the little money that they had to use. When banks have a lot of money to loan, interest rates are lower because they can still get a lot of interest even from the lower interest rates.
How do finance companies make a profit?
The finance companies give loans for interest at higher rates, they also lend money from banks and others for cheaper rates, if necessary. The difference of interest between these two is their profit.
Who regulates interest rates?
To a certain extent the banks do. But the Fed, which lends money to banks, can have an impact on it depending on what interest they charge the banks.
