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How long does it take to wire money?

A bank wire takes time while a Fed wire goes right through.If you have a checking account the bank will use your SWIFT code.


What are the best account rates for high interest savings?

High interest savings just aren't as high as they used to be, thanks to the low interest rates being set by the fed. If you are able to find a savings account giving greater than 2%, consider it too good to pass up.


What is the average credit card low interest rate?

Credit card companies offer different rates to different people depending on their personal credit score. A good credit rating should get you an interest rate close to 9.99%. Although, depending on the company issuing the card it may be higher or lower than 9.99%. As the Fed's rate moves, so do the rates on the credit cards.


Can an average citizen maintain an account at the federal reserve?

No, an average citizen cannot maintain a direct account at the Federal Reserve. The Federal Reserve primarily serves as a bank for other banks and financial institutions, facilitating monetary policy and providing services such as clearing and settlement. Individuals typically interact with the Federal Reserve indirectly through their commercial banks, which hold reserves at the Fed.


Who does the fed buy bonds from?

The Federal Reserve typically buys bonds from a variety of financial institutions, including banks and primary dealers, which are large broker-dealers that are authorized to trade directly with the Fed. These transactions are part of the Fed's open market operations, aimed at influencing the money supply and interest rates. By purchasing bonds, the Fed injects liquidity into the economy, facilitating lending and investment.