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It means that the rate of interest either charged on a debt or paid on a deposit is percieved as low by some comparable. This may often be quite subjective. Someone who obtained a mortgage in 2004 at an interest rate of 4.75% will not percieve a rate of 5.25% in 2009 as a "low rate". However, maybe the 5.25% is low compared to the same loan in 2008 when it was 6.00%. Generally, low rates on loans are good for the consumer obtaining the loan. Low rates on deposits are not good for the consumer who owns the deposit. In the case of low rates on deposits, the account is earning a "low" rate of return on the money deposited.
What else can I help you with?
What will a low credit score potentially do to the interest rates for a loan?
A low score means a bad risk, and the interest rates will be higher.
Where can one obtain a personal loan with low interest rates?
Personal loans are available at HSBC bank with low interest rates. Other banks such as the co-operative bank can also provide you with a loan with low interest rates.
Where can I obtain a pay day loan with low interest rates?
You can obtain a pay day loan with low interest rates from many places like a near by bank or by searching online to see which bank near you offer the beat low interest rates.
What are some low interest credit cards?
Low interest credit cards are credit cards that have low APR rates or a low introductory APR rate based on credit. They have low annual interest rates, which means, for a certain period of time, sometimes up to 21 months; after this period of time, interest rates will be based on credit worthiness.
What company supplies low mortgage interest rates?
There are many different companies that offer low mortgage interest rates. One of the most reputable sources of low rates would be through one's local financial institution.
What will a low credit score potentially do to the interest rates for a loan?
A low score means a bad risk, and the interest rates will be higher.
Where can one obtain a personal loan with low interest rates?
Personal loans are available at HSBC bank with low interest rates. Other banks such as the co-operative bank can also provide you with a loan with low interest rates.
Where can I obtain a pay day loan with low interest rates?
You can obtain a pay day loan with low interest rates from many places like a near by bank or by searching online to see which bank near you offer the beat low interest rates.
What are some low interest credit cards?
Low interest credit cards are credit cards that have low APR rates or a low introductory APR rate based on credit. They have low annual interest rates, which means, for a certain period of time, sometimes up to 21 months; after this period of time, interest rates will be based on credit worthiness.
How do interest rates affect household saving?
Well you need to look at it from both the perspective of receiving interest payments and paying interest. In relation to paying interest, household savings generally decline with low rates. This is because when you are paying low interest rates on the things you purchase you are also receiving low rates on your savings. This usually has the affect of boosting the economy. If rates are low people are enticed to spend their money since a) they are getting a small return on their savings and b) borrowing money is costing them little. When interest rates are high it generally increases household savings for exactly the opposite reasons low rates decrease savings. High interest rates when borrowing also mean higher rates for saving. Economies that are experiencing high rates of inflation will raise interest rates. Nobody wants to pay alot in interest so as rates climb they borrow less and save more. This is removing money from the economy and putting it into savings thereby slowing demand for goods and increasing supply. This will usually reign in inflation, and increase household savings.
What company supplies low mortgage interest rates?
There are many different companies that offer low mortgage interest rates. One of the most reputable sources of low rates would be through one's local financial institution.
Low interest rates do not attract customers?
false
What does Hawk and Dove mean in financial terms?
Financial hawks favor low inflation over high economic growth, and want interest rates set high to keep inflation low. Financial doves prefer low interest rates and believe inflation has a minimal impact on society.
Where can one get low interest rates for unsecured loans?
One can get low interest rates for unsecured loans when one goes to the site of prosper. This site offers low fixed interest rates. One has to give some basic info about oneself, check rates and review loan options, and money will be deposited into one's account.
What effect do low interest rates have on business investment?
The effect that low interest rates have on business investments is a low return. The low return will affect the profits of a business. It will also slow down business investments.
What are the interest rates on Bank of America auto loans?
The interest rates at the Bank of America on a loan for a new car is as low as 2.24%, for a used car as low as 2.29% and for if you want to refinance it can be as low as 2.44%.
Which credit companies have low interest rates?
This depends on the type of loan. Though, generally speaking, the companies that often have pretty low, if not the lowest, interest rates are EMoney and HSBC.
