All the interest rates that everyone needs to know
June 10th, 2009
2 comments
When it comes to saving, investing, consuming and burrowing of money, the most important component of all is something called interest rate.
Let us look at the following short definitions of 7 major interest rates that each one of need to know unless you live under a rock.
Starting with the one that is most common to us all,
1. Certificate of deposit rate
This is basically the rate of return earned on at least 12 months of time deposits with major financial institutions.
Since the interest rate is not much, you better be sure that it is completely riskless…
Continue Reading . . .
Categories: Financial Terms
