Savers aren’t the only ones being hurt by the Federal Reserve’s suppression of interest rates. The Fed’s zero interest rate policy has been a factor in the decline of banks’ net interest margins to a multi-decades low. According to the latest FDIC Quarterly Banking Profile the net interest for all banks for the quarter ending […]
What Is the Average Rate on a Bank Credit Card?
October 13, 2014 By Leave a Comment
Credit cards have become an absolute necessity for most people despite the high rates charged on revolving loan balances. Whether traveling anywhere in the world or just buying a cup of coffee at Starbucks, a credit card allows the purchaser a safe, convenient, and fast method of paying for a purchase. The use of both […]