Savings and Credit, an Interest Rate Round-up

Below is a round-up of this week’s interest rates from the Federal Reserve.
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Savings and Credit, Interest Rate Round-up

Below is a round-up of this week’s interest rates from the Federal Reserve.
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Savings and Credit, Interest Rate Round-up

Do you ever wonder how your interest rate is calculated when you apply for a loan? To better understand how borrowing on loans and credit cards works, it is best to know how to factor interest rates into the equation.
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Ben Bernanke Testimony, Interest Rates to Remain Low

Federal Reserve Chairman Ben Bernanke says that although the federal funds rate will remain low, facilities created by the Federal Reserve to aid the U.S. economy through a recession will be closed.

Bernanke presented his Semiannual Monetary Report to the Congress on Wednesday. The chairman’s statements indicated that the Federal Reserve will continue to, “normalize its lending to commercial banks through the discount window.”

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America Saves Week

Did you know that this week is America Saves Week?

From February 21-28, Americans are encouraged to “Build Wealth Not Debt.” Thankfully, BillShrink users are right on track. We delved into our data and found that more people are paying off their credit cards this year than they did last year! Back in February 2009, 46% of all users noted that they paid off their credit card balance in full each month. Now a year later, nearly 59% of users report paying off their balance each month. Our own data is confirmed by the Federal Reserve as a nationwide trend: the Fed reports personal credit card debt is on the decline and Americans have dumped $101.2 billion in debt in the last 14 months.

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Savings and Credit, Interest Rate Round-Up

Do you ever wonder how your credit card rate is calculated when you apply for a loan or credit card? To better understand the workings of borrowing on loans and credit, it is best to know how to factor interest rates into the equation.

Interest rates are also used to determine the rate of return on investments. In other words, the pay-off when your Certificate of Deposit(CD) or Treasury Bill matures depends on interest. Both CDs and Treasury bills are sound investments that can compliment your regular savings account.

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Do You or Your Sweetie Have Better Credit?

Do you or your partner have stronger credit? My guess is that very few couples know the answer to this question.

You may have know financial details like each other’s salaries and levels of debt. But have you sat down and reviewed each other’s credit reports and scores? Sounds about as fun as dinner and a movie, right?

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Money Saving Tips: Gas Tips

Save money, and impress your valentine with this simple tip.

So, you want to impress your valentine with your new car but didn’t factor in the cost of gas when you signed by the ‘x’. You have been running on empty for the past week, and its likely that your next paycheck will go straight into your gas tank.

Not to worry! There is a simple way to get the most gas for your hard earned money.

As we all know, the cost of retail gas fluctuates as the cost of crude oil fluctuates on the mercantile exchange (NYMEX). That being said, since your local gas station owner relies on this market to set his daily price, you my friend can rely on this pseudoscience to get the most gallons per dollar.

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