answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why is a fixed interest rate almost always better than a variable interest rate?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is fixed interest rate better than variable interest rate for banks?

Yes, because a variable interest rate can go up as high as 9% APR when you can get a fixed APR of 3.5%. Also with variable interest your payments will always jump around and with fixed your payments are what you sign.


Are low interest loans better than high interest loans?

In general, a low interest loan is better than a high interest loan. The only time this may differ is if you are getting a variable rate loan, which may become lower than a higher fixed rate loan over time. However, this can be hard to predict, so it is always better to go with the low interest rate.


Are fixed or variable interest rates for mortgages better?

For the average person, a fixed mortgage is better because you can budget for the same mortgage payment for the term or length of the mortgage. The only change would be if your insurance or taxes would go up. With variable interest rate, your mortgage could increase every year due to the increased interest rate.


Is there a significant difference in quality between an OEM cell phone charger and a non-OEM one?

Yes, the OEM product is almost always of better quality.Yes, the OEM product is almost always of better quality.


Are younger people knows better then elders?

Almost always, no.


How can you get better reception on your TV?

A higher and better antenna and lead in cable will almost always help.


Is it better to pay cash when buying a car?

When you pay cash your interest payment iszero , its always better to pay cash


It is almost always better not to read a review in advance of seeing a film?

false


What is better direct tv dish or Time Warner cable?

Satellite TV is almost always better than cable.


Is it better if I pay of my credit card balaces with money I have on side or if I just keep paying payments that I can each month?

The answer to that question depends on how much interest you are paying and how much interest you are earning. Almost all of the time it is better to pay off your credit cards. But if you need to borrow for something else then you need to compare interest rates before you pay offthe credit cards. But ALMOST ALL of the time paying off a credit card and not paying interest is in your best interest.


What is better a higher or a lower percentage?

If you are receiving interest on an assett, a higher interest is better. If you are paying interest on a debit, a lower interest is better.


You had a dream your mom who past away told you not to lose your gilfriend?

Better take heed, moms are always right... Almost always?