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A variable interest rate on a current bank account would imply that the interest rate fluctuates over time. Market conditions will determine the value of the interest earned.
The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.
According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.
"The current interest rate in the United Kingdom is 0.05%. Santander, a Spanish bank purchased Abbey in 2004. The current standard interest rate on a personal loan is 7.4% APR."
The current bank rate is one factor to how much interest you will pay on your mortgage. If the rate is very high, your interest will also higher, limiting how much you can take out in a mortgage and what house you can buy.
A current account.
Depends on the countries, current account interest rates can be different. For example, one bank can have a 0.35% where other bank has a rate of 0.5%.
The current coupon rate for a certificate of deposit (CD) varies depending on the bank and the terms of the CD. It is the interest rate that the bank pays to the CD holder.
The current interest rate for a 3-month CD varies depending on the bank and market conditions, but it is typically around 0.1 to 0.5.
The current interest rate for a 6-month CD varies depending on the bank and market conditions, but it is typically around 0.5 to 1.0.
The current rate of interest can be easily found by contacting your bank or lender directly or going online to their website. Rates for borrowing are higher than the rates received on deposits.
Interest rates are dependent on your credit as well as your income/debt ratio. The lowest interest rate is 0% but the current interest rate for a new car loan is 6.28% for 48 months.