which is what banks charge one another for short-term borrowing, is not the rate that consumers pay, the Fed's moves still affect the borrowing and saving rates they see every day.
"From an interest rate standpoint, this means lower for longer, and lower more often," said Greg McBride, the chief financial analyst for Bankrate.come with a variable rate, which means there's a direct connection to the Fed's benchmark rate. Since the central bank lowered its benchmark rate to near zero in March, credit card rates have hit a low of 16.03%, on average, according to Bankrate.com.
Other short-term borrowing rates are even lower. The average interest rate on personal loans is currently about
Credit card rates going lower? Never happened and never will. Banks pocket the money...like always! Gimme a break!
America in chaos. Who are the neo-nazis Trump supporters going to blame for this fuck up?
Get into more debt. The government is buying it all and they will own you
Ah great, encouraging people to take out more debt in this time. What in the world is this tweet