Why do banks charge extortionate interest rates then bully you when you are in debt?
Answers: Banks make money (among other operations) out of what's called "the spread". That is de difference between interest rates over loans and deposits. That means that loan rates HAVE to be higher than savings or investing rates to make a bank profitable. They charge you with interests to pay their investors (e.g. accounts owners) and generate profits; and they bully you to repay because in the western society the law protects creditors and enforce debt collecting. Cheers!
I don't think they are bullying you just because you are in debt. It is the terms that you agreed to pay them when you borrow money from them. Besides, you should know what interest rate you are going to pay before you SIGN the loan paper. So I don't think you can say that they are bullying people when they are iin debt.
Savings bonds.?
I have a funds bond worth 75 dollars and it's from last year. My mother requirements me to cash it surrounded by now, motto that it will be more useful in a minute than in 30 years. How much money have the savings bond accrue and how much money will it get to?Answers: As next to any investment (or minor decision approaching where to park, even), the finding comes down to the alternatives available. Mom is right. The interest rate on a savings bond is ridiculously low, (most probable 3.00%, but check this table for yours: http://www.savingsbonds.com/rates.cfm
So you have to consider your alternatives. Does your checking narrative pay interest or not? Would you use the $75 current good point to pay down a illustrious interest rate credit card? And, by the way, is $75 the current significance, or the face meaning (which would mean the current plus is closer to $37.50)? Or is this something that if you held it and didn't redeem it for 20 years you'd be happy to be surprised you still have it?
http://www.savingsbonds.com/howtoInteres...
EE Bonds will earn interest for up to 30 years. Interest is posted monthly. During the first 20 years, the bond will earn interest at a fixed rate established at the beginning of the spell. Bonds issued during this period earn a fixed rate of interest for the first 20 years base on 10-year Treasury note yield. If the bond has not reach its face helpfulness by the end of the 20 year length, the government will variety a one time adjustment to make the redemption appeal equal to the face expediency. The government reserves the right to translate the interest rate for the final 10 years of interest bearing enthusiasm. You may redeem an EE bond any time after it is one year old. You will be penalize the most recent 3 months of interest if you cash surrounded by the bond before it is 5 years infirm.
You should keep it as a funds, it is earning interest so it will worthy plentifully more then of late cash it out very soon. Start to save up some of your money too.
How much money do you earn per hour?
Answers: more than most but less than some
Why would you ask this question? What on earth is the point?