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CALABASAS, Calif.--(Business Wire)-- Today, the Federal Reserve kept the target Fed Fund's rate steady at 2.00%. The Fed Fund's rate is the overnight rate of interest at which Fed Funds are traded among financial institutions. These loans are used to fulfill Federal Reserve minimum funding requirements. While this decision was made to calm the market, rates have been moving somewhat unpredictably as of late. Informa Research Services, Inc. recommends consumers use the Internet to ensure they get the best rates no matter what the rate environment is like (http://moneycentral.msn.com/loan/loan.aspx?iType=1). Mortgage rates are not directly linked to the Fed Fund's rate, but historically, they tend to correlate over time. However, as of late, this has not been the case.
in E-commerce
via Reuters @ 10:33 17th Sep
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NORCROSS, GA — October 1, 2008 - Peachtree LBP, the Administrator for LBP 401(k) Plus, announced that today’s rate for loans made as part of LBP 401(k) Plus is 5.91%. The loan rate is based on the 12 month LIBOR rate (currently 3.96%) plus a margin of 1.95%. (The LIBOR rate varies on a day-to-day basis, and the actual rate on an LBP® case is set at the time of funding.)
in Personal Finance
via Insurance News Net @ 15:35 3rd Oct
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Asus Pulse Rate Laser MouseThe Asus Vit W1 Laser Mouse does everything else your old mouse can do plus it has a pulse rate sensor that lies beneath its plastic skin. The wireless device has a 30 ft. range, 5 buttons, a mini-USB receiver, and 12 dpi. We don’t know about you, but just knowing that we will be monitored would make us nervous and have an elevated heart rate. Especially if the little happy face starts to frown.
in Blog Watch
via Gear Live @ 20:04 9th Aug
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My credit card rate of interest is 7.9 percent, but on the statement it says that the annual percentage rate for this billing period is 22.89 percent. What does this mean and how does it apply to my credit card interest rate? If it doesn't mean anything, why is it there?
in Personal Finance
via Yahoo! Canada @ 10:01 4th Sep
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The rate at which banks lend to each other has remained high in the longer term despite a fall in the immediate rate.
in Banking
via Ananova @ 9:19 9th Oct
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I'm a little frustrated with my bank, Zions Bank. Last year, I opened an Internet money market account with them at a good interest rate (about 5 percent). My interest rate slowly went down without notice. Now it's at about 2 percent, although they don't make it easy to know what you're getting exactly.
in Personal Finance
via Yahoo! Canada @ 7:33 16th Aug
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Despite half a percentage point cut in the Bank of England interest rate, Abbey confirmed yesterday it is keeping the interest rate on its tracker mortgages for new borrowers unchanged.
in Banking
via Credit Choices @ 17:56 10th Oct
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The Bank of Japan said Wednesday it supports coordinated rate cuts by the world's central banks but is not participating as its benchmark rate is already low.
in Banking
via Yahoo! Singapore @ 23:53 9th Oct
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service pricing, Boost Mobile today launched a new low flat rate of 10¢ per minute for all calls, no matter what time of day, for its Pay As You Go Basic Plan. Boost Mobile Pay As You Go service offers customers the freedom to pay by the minute without any long-term commitments. Customers benefit from the low 10¢ per-minute rate in addition to unlimited Nationwide Boost® Walkie-Talkie for just $1/day. Boost Mobile offers pay by the minute, day and month pricing options.
in Mobile Technology
via Device Management Forum @ 18:45 12th Oct
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I was thinking about buying a new car next year. I have a job and some money saved up, but I have no credit. As a result of having no credit, will I get a low interest rate or high interest rate?
in Personal Finance
via Yahoo! Canada @ 13:10 5th Sep
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LONDON--(Business Wire)-- -0- *T BBVA Senior Finance, S.A. Unipersonal Issue of EUR 30,000,000 Floating Rate Notes due February 2017 Series 40 Tranche 1 MTN ISSUE NAME. Our Ref. M83941 ISIN Code. XS0286030456 INTEREST AMT PER DENOM. CURRENCY CODE. EUR DAY BASIS. Actual/360 (A004) NUM OF DAYS. 92 INTEREST RATE. 5.053 PCT VALUE DATE. 20/11/2008 INTEREST PERIOD. 20/08/2008 TO 20/11/2008 EUR 50,000.00 IS EUR 645.66 POOL FACTOR. N/A *T BBVA Senior Finance, S.A. Unipersonal Copyright Business Wire 2008
in Personal Finance
via Reuters @ 14:25 19th Aug
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Was last week the week that changed British banking forever? The collapse of US bank Lehman Brothers had a seismic effect across the globe and resulted in the UK's first super bank following the merger of Lloyds-TSB and Halifax Bank of Scotland. The giant now controls around one third of all current accounts and mortgages - but what will this all mean for British consumers?
in Personal Finance
via Moneysupermarket.com @ 23:14 1st Oct
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The FOMC voted unanimously to cut the federal funds rate by 50 basis points, to 1.50%; the discount rate was also cut to 1.75%. The emergency inter-meeting Fed action was coordinated with central banks around the world at 7 am this morning. Coordinated rate reductions were also executed by the Bank of England, the European Central Bank, the Bank of Canada, the Swiss National Bank, and the central bank of Sweden. The Bank of China also cut rates.
in Banking
via Global Insight @ 23:53 9th Oct
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Rate cuts by the Bank of England and other central banks on Wednesday have improved prospects somewhat for the commercial property market, the UK office of global commercial real estate services firm CB Richard Ellis said in a statement Thursday.
in Banking
via PropertyEU @ 23:53 9th Oct
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The 0.5% reduction in bank base rate has created yet more uncertainty in the mortgage market as lenders pull products and take time to launch new ones. Many will want to see what competitors do before repricing their products.
in Personal Finance
via Citywire @ 15:50 10th Oct
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Oct. 8: The U.S. Fed led a coordinated round of global official rate cuts on Wednesday to stem a global financial crisis.
in Top Stories
via MSNBC @ 1:52 9th Oct
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A potential raise in the rate of royalties paid to music publishers has led Apple to threaten to close the iTunes Store if running the online music retailer becomes financially burdensome.
in MP3
via PC World @ 12:19 2nd Oct
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Cuomo's Auction Rate Securities Investigation Focused on Merrill (MER), Wachovia (WB) and Morgan Stanley (MS) -CNBC
in Online Auctions
via Street Insider @ 16:58 12th Aug
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RIO DE JANEIRO, Aug. 29 (Xinhua) -- The deforestation rate in the Amazon rainforest fell by 63 percent in July from the previous month, the third consecutive month in which deforestation rates have fallen, studies showed.
in E-commerce
via Xinhua News Agency @ 8:56 30th Aug
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Leading central banks unleashed coordinated interest rate cuts on Wednesday in a bid to counter the global financial crisis amid dire warnings about the economic pain ahead.
in Banking
via Yahoo! Singapore @ 23:53 9th Oct
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From October 2, Tesco is increasing the interest rate on its Internet Saver account to 6.50%*. This will make the account one of the most competitive in the market. Also, unlike some other providers, Tesco savings customers can make as many penalty-free withdrawals as they like.
in E-commerce
via Easier @ 17:22 2nd Oct
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TORONTO - Canada's big banks are passing on more interest rate cuts to consumers and companies in the wake of Ottawa's promise to help them obtain billions of dollars in additional money by freeing up frozen credit markets.
in Banking
via Canoe Money @ 7:13 11th Oct
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China's central bank, acting in coordination with central banks around the world, has cut its interest rate and reserve requirement ratio for commercial banks. The move aims to boost the domestic economy amid worries over the global financial crisis.
in Banking
via CCTV @ 4:03 9th Oct
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(RTTNews) - Chile Central Bank Holds Key Rate Steady At 8.25%
in Banking
via Nasdaq @ 18:16 9th Oct
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Figures from the Bank of England show that the average rate for a borrower with a 25% deposit was 6.6% in June, up from 6.26% in May.
in Personal Finance
via BBC @ 9:34 4th Aug
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