What was the CD interest rate in 1987?

Answer The Certificate of Deposit interest rate in 1987 ranged from to a low of 6.128 in April to a high of 6.861 in December. The certificate of deposit index is based on average yields of three-month CD... Read More »

Top Q&A For: What was the CD interest rate in 1987

How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... Read More »

What is the difference between rate of return&interest rate?

Rate of return, call known as return on investment, is a percentage of the total profit made from an investment compared to the amount of the investment. Interest rate is the percentage of a loan's... Read More »

What was the mortgage interest in 1987?

The mortgage rates in 1987 varied over the course of the year. While mortgage rates vary based on the individual, they are typically linked to the prime rate. In 1987, the lowest prime rate was 7.7... Read More »

Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F... Read More »