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Does a credit union have a higher interest rate than a bank?
They do usually have a higher interest rate, but it's only about .25 to .50 percent higher.
Why does an unsecured loan typically have a higher interest rate compared to a secured loan?
An unsecured loan usually has a higher interest rate than a secured loan because it poses a higher risk to the lender. Since there is no collateral backing the loan, the lender has less assurance that the borrower will repay the loan, leading to a higher interest rate to compensate for this risk.
Why are corporate bond interest rates higher than government bond interest rate?
Corporate Bonds are usually consider high risk.
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
Is the interest on used car loans higher than the interest on new car loans?
The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house
Does a credit union have a higher interest rate than a bank?
They do usually have a higher interest rate, but it's only about .25 to .50 percent higher.
What negotiable instrument has a higher interest rate than most savings accounts?
Certificates of Deposit will usually have a higher interest rate than saving accounts.
Why do finance companies charge higher interest rates than commercial banks?
Because they offer a higher rate of interest to their deposit customers. Loan Interest is the chief source of income for all banks & financial institutions. The difference in the rate of interest offered to deposit customers and loan customers is usually the profit a bank makes. Usually people prefer banks when compared to financial institutions to deposit their money. So to attract customers these institutions offer a higher rate of interest on deposits with them. In order to maintain their profit margin, they charge a higher rate of interest on their loan customers. So, higher the rate on deposits, higher is the rate on loans.
Why does an unsecured loan typically have a higher interest rate compared to a secured loan?
An unsecured loan usually has a higher interest rate than a secured loan because it poses a higher risk to the lender. Since there is no collateral backing the loan, the lender has less assurance that the borrower will repay the loan, leading to a higher interest rate to compensate for this risk.
Why are corporate bond interest rates higher than government bond interest rate?
Corporate Bonds are usually consider high risk.
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
Do you have to pay interest on a Cash Advance?
If you take a cash advance from a credit card you do have to pay interest. It is usually a higher interest rate than your card normally charges for purchases.
Is the interest on used car loans higher than the interest on new car loans?
The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house
Suppose a borrower and lender agree on the nominal interest rate to be paid on a loan and the inflation turns out to be higher than they expected Is the real interest rate on this loan higher?
the real interest rate equals nominal interest rate minus inflation rate. In the situation the inflation rate increase and the nominal interest rate remains unchanged, therefore the real interest rate must decrease.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
Do money market accounts have a decent interest rate?
Money markets do tend to have a high yield interest rates that are very competitive with other ways of investing. The interest rate is usually higher than that of a savings account and equivalent to that of a CD.
Is LIBOR normally higher or lower than the US prime interest rate?
It is normally higher than the US prime interest rate.
