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Today it is closed to new customers, and when that happens banks usually let the rate fall to a miserable level.
However, C&G said it would not let the rate fall below 0%, and insisted that interest was only payable by the customer.
By comparison, the 20 years before that - the mid 1970s to mid 1990s - saw the rate fall from 45%.
The Fed has said it wants to see the rate fall to 6.5percentt before it raises interest rates.
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Above that, the rate fell sharply.
The rate fell 0.6percentt in the third quarter.
This summer, the rate fell to about 3percentt.
The rate fell among higher-income groups.
Yesterday the rate fell to 4.77percentt.
The rate falls between what the two sides asked for.
For black students, the rate fell to 36percentt from 38percentt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com