Interest Rates Archives

Feb112023 by David KollerNo Comments

All about savings account interest rates

Business

Savings accounts are basic bank accounts designed to park your money and provide fund access for daily expenses. To cope with inflation and grow wealth, banks also offer savings account interest rates that keep your money from devaluating every passing year. The interest rate on a savings account varies depending on the banks. Moreover, online savings accounts offer high-interest rates due to ease of operation and several other factors. The article below gives an insight into savings account interest rates. Understanding the interest rate on savings account A savings account is a banking product helping you to save and grow your monies over time. When you open a savings bank account, the bank offers an interest rate at a fixed interval which can be on a quarterly, half-yearly or annual ...

Apr42022 by AhithoNo Comments

Loan Tips for People with Bad Credit

Finance

When you are struggling financially, your credit is probably poor. It is tough to get back on top when you have poor credit. You won’t be able to take out any loans and other entities won’t trust you with assets. If you have bad credit, it doesn’t mean that you won’t be able to be financially strong and stable again. Whether you need to take out a loan or are behind on paying your loans back, below are some tips for people who have bad credit. Pay Back What You Owe Immediately It doesn’t matter what kind of loan you have taken out or how much it is for, paying back what you owe immediately is always necessary. Keep your due dates in mind. Never pay the minimum. While it is possible to pay loans back too fast, it will never negatively impact your credit score. Paying the money you borrowe...

May182020 by Carol JamesNo Comments

What Does a Credit Card Hardship Program Entail?

Finance

While the prospect of letting your credit card issuers know you’re struggling with money might seem like a situation you’d like to avoid at all costs, there are certain instances in which it’s more beneficial to be honest than to keep your troubles hidden — and risk falling behind on payments altogether. Believe it or not, sometimes lenders are pretty accommodating when borrowers are having problems. But you will have to have a frank conversation with your creditors to qualify for any sort of hardship program. Otherwise, the bills will keep coming, the interest will keep accumulating and your credit score will keep taking hits. Credit Card Hardship Programs: What to Expect While creditors don’t unanimously offer hardship provisions to cardholders, many do. And, if you’ve never heard o...

Mar32020 by Ruchi GuptaNo Comments

3 times when it’s recommended to take out a loan

Finance

The decision to borrow money is not a tough one to make. Borrowing is part of something that allows you to get over a period of financial hardship. When you take out a loan, you can use the money for any purpose that you would like. This gives you a great deal of flexibility. However, it’s important to be a responsible borrower. Many individuals take out loans without the intention of using the money the way the lending institution believes they will. This is a big mistake. If you’re going to take out a loan, it should be for a legitimate reason. In what follows, we’ll present the best reasons for borrowing money. 1. When you consolidate debt at a lower interest rate If your financial situation gets out of control, your physical and emotional health will have to suffer. Whe...

Dec212019 by Ryan FitnessgoalsNo Comments

Latest Fixed Deposit (FD) Interest rates for Senior citizens

Finance

Senior citizen Are you an Indian above 60 years of age? Great! Citizens above the age of 60 years are known as senior citizens in India. You can avail of all the benefits which a senior citizen enjoys in our country. The most crucial advantage a senior citizen can avail is higher interest rates on term deposits. Financial bodies like banks and NBFCs offer this advantage. If you choose to invest your funds in these financial bodies as fixed deposits, you can expect a higher interest on your FD. Fixed Deposit for Senior Citizens The Senior Citizen Fixed Deposits (FD) are term deposit plans which are customized for you to give you maximum returns on your investment. FDs have become an attractive investment option for senior citizens because of the safety of the invested amount and var...

Aug82019 by Ryan FitnessgoalsNo Comments

Applied for a Poor Credit Business Loan?

Finance

A few setbacks in recent years have left you wondering if any lenders would provide financing to the company. While it’s true that some lenders will not work with you until your credit score recovers, there are others who would be willing to extend Toronto poor credit loans that will help your business in more than one way. As you begin to weigh options for financing, keep these basics in mind. You’ll Have More Options If You Focus on Secured Loans With your credit score in less than top shape, locking in an unsecured loan is less likely. Even though you may find a lender or two who’s willing to talk about this loan option, you’ll find seeking a secured loan a lot easier. That’s because pledging some asset as collateral reduces the level of risk to the lender. When the ...