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A special fixed rate CD typically offers a higher interest rate than a standard CD for a set period of time. Special fixed rate CDs may have specific requirements or restrictions compared to standard CDs, such as a minimum deposit amount or a longer term.

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4mo ago

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What are the differences between a variable APR and a fixed APR?

A variable APR can change over time based on market conditions, while a fixed APR remains the same throughout the life of the loan.


What are the differences between claiming a mortgage deduction versus a standard deduction on your taxes?

Claiming a mortgage deduction allows you to deduct the interest you paid on your mortgage from your taxable income, potentially reducing your tax liability. A standard deduction is a fixed amount set by the government that reduces your taxable income without the need for itemizing specific expenses like mortgage interest. The choice between the two depends on whether your total itemized deductions, including mortgage interest, exceed the standard deduction amount.


What are the differences between a fixed deposit and a certificate of deposit?

A fixed deposit is a type of savings account offered by banks where you deposit a sum of money for a fixed period at a fixed interest rate. A certificate of deposit (CD) is similar but is typically offered by credit unions and has a higher interest rate but requires a minimum deposit and penalties for early withdrawal.


What are the differences between fixed and variable interest rates on loans?

Fixed interest rates on loans remain the same throughout the loan term, providing predictability in monthly payments. Variable interest rates can change based on market conditions, leading to fluctuating payments.


What are the main differences between fixed and variable annuities?

Fixed annuities offer a guaranteed interest rate for a set period, while variable annuities allow you to invest in different funds that can fluctuate in value. Fixed annuities provide a stable income stream, while variable annuities offer the potential for higher returns but also come with more risk.

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What are the differences between a variable APR and a fixed APR?

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Give the differences between impulse and reaction turbines?

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