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    you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings

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    If you begin foaming at the mouth once a month when you receive your credit card statement, join the millions of Americans that are foaming along with you. There is a growing outrage at the seemingly endless journey towards eliminating the balance on your credit card and that is due primarily to the extravagant interest rates charged by credit card companies.

    Your bank is probably touting the super rates it offers on Certificates of Deposit or CDs. “Just deposit $5,000 for 6 months and we’ll give you a ‘whopping” return of 2.83%.” Yet, in contradiction to the low rates banks are willing to pay you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings a

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    you. There is a growing outrage at the seemingly endless journey towards eliminating the balance on your credit card and that is due primarily to the extravagant interest rates charged by credit card companies.

    Your bank is probably touting the super rates it offers on Certificates of Deposit or CDs. “Just deposit $5,000 for 6 months and we’ll give you a ‘whopping” return of 2.83%.” Yet, in contradiction to the low rates banks are willing to pay you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings

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    travagant interest rates charged by credit card companies.

    Your bank is probably touting the super rates it offers on Certificates of Deposit or CDs. “Just deposit $5,000 for 6 months and we’ll give you a ‘whopping” return of 2.83%.” Yet, in contradiction to the low rates banks are willing to pay you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings

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    Ds. “Just deposit $5,000 for 6 months and we’ll give you a ‘whopping” return of 2.83%.” Yet, in contradiction to the low rates banks are willing to pay you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings

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    you for the use of their money, the interest on credit card rates can be 10 times the amount offered on a CD. Why?

    The interest rates on savings accounts and CDs are based on competition, the cost to the bank of borrowing money and the expected return on investment to the bank for the use of your money. Because a savings account is liquid, the bank does not know from day to day how much of your money will be available for its use. A CD, on the other hand, requires that you place your money in the bank for a specific amount of time. The longer the time period, the higher the return. That is because the bank has greater flexibility with your money and knows exactly how long they have to work with it.

    Credit card companies have been highly

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