How do interest rates change?

Answer There are many types and variations of interest rates, and most of those in the United States are influenced by the Federal Reserve as they monitor and change key rates in response to multiple fact... Read More »

Top Q&A For: How do interest rates change

When do bank interest rates change?

There is no set time when bank interest rates change. It is a function of several factors, such as the overnight federal lending rate and the state of the economy. However, one of the most importan... Read More »

Why does the Fed cut interest rates?

The Federal Reserve System--the "Fed," for short--uses interest rate reductions to stimulate economic activity. The Fed's influence over interest rates is one of its most powerful tools.The FedThe ... Read More »

Net-Effective Interest Rates?

A "net effective" interest rate is a mathematical concept. The basic idea is that a yearly rate of interest can be calculated monthly, or in some other increment of time. This means that, at the en... Read More »

How To Compare CD Interest Rates?

Certificates of deposit, or CDs, are savings accounts that have a fixed interest and date when the principal, or starting amount, and accrued interest, can be withdrawn. CDs are considered very saf... Read More »