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The bank pleaded guilty to the interest rate charge this year after the Justice Department determined that the bank violated its 2012 nonprosecution agreement.
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Spreads are the differences between interest rate charges overnight and those charged over a longer period.
On the other hand, the numbers would decline sharply with reductions in the interest rate charged.
But while the interest rate charged on the first mortgage is still 8.875 percent, the interest rate charged on the second mortgage -- in essence, a home equity loan -- is 12.875percentt.
Incredible as it might sound, the 0.75 percent interest rate charged by the Fed is indeed a penalty.
It also left unchanged, at 6percentt, its discount rate -- the interest rate charged on loans to banks from the Federal Reserve system.
Alongside higher fees, the current zero per cent interest rate charged on student loans would need to be raised to a more "sensible" rate, he added.
Discount rate, also called rediscount rate, or bank rate, interest rate charged by a central bank for loans of reserve funds to commercial banks and other financial intermediaries.
Debit cards withdraw money directly from a bank account, avoiding the risk of interest rate charges that comes with credit card purchases.
* * * Barclaycard customers will see the interest rate charged when they use their plastic climb automatically when the base rate rises from next February.
Olli Rehn, the European commissioner for economic and monetary affairs, said that the interest rate charged on loans to Portugal would be "above 5.5 percent but clearly below 6 percent".
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