The much publicised Santander 1-2-3 accofferswhich offers in-credit interate rate of 3% on balances between £3,000 and £20,000, and cashbacks on bills, has grabbed many account switchers in recent months, mostly because of the interest rates it offers.
Many people open different bank accounts with the same bank either because they feel a single account may not be able to meet all their financial needs or because of the interest rates that they earn on them.
Wall Street is in your house – which it probably owns a part of – and because the interest rate on your mortgage bill was likely set by 18 traders in London one day a few years back.
Mr. Romney tried to defuse the issue on Monday by supporting an extension of the interest rates because of "the extraordinarily poor conditions in the job market" under Mr. Obama.
Is this, as alleged, because of excessive reliance on raising the interest rate as a policy response?
He declined to reveal terms of his new loan but said one thing had not changed: Because of his poor credit rating, the interest rate is still high.
Home equity loans and bad credit mortgages are popular methods of financing, because the interest rates are low, and they are much more accessible than unsecured loans.
When the head of a large bank in England recently got in trouble because of tinkering with the interest rates, he was forced to resign.
At no time has the lender ever reduced the interest rate, and because of the current low, prevailing rates, I asked the lender how I might enjoy lower rates.
Because the interest rates of such bonds are at historic lows, the lump sums have to be higher to compensate.
