 Bankrupt do i still have to pay them? |
| i had a call today from a company which i bought some blinds from i paid them 10pound each week.They told me they have gone bankrupt and i owe them 300pound but they will settle it at half if i pay ... |
|
 Can i get a loan at 16?......? |
| once ive left school i want to start up my own business straight away...will i be able to get a loan?... |
|
 Should my husband and I get IRA's? |
| My husband and I are both in our twenties and we have one child. Neither of our employers has a 401-K plan; we are considering getting an IRA. Could anyone explain to me the benefits of an IRA, how IR... |
|
 I am looking for any kind of money saving tips.? |
| On trying to find any kind of money saving tips or ideas. Please help.......... |
|
 I have $20,000, now what? |
| I am 19 years old and I currently have $20,000 in a CD that is almost over and I want to turn this money into a lot more money somehow, besides taking it to a casino. What should I do?... |
|
 Some good tips for saving money? |
i live in aus and am trying to save to go to las vegas
im 14 and get $10 a week for cleaning 3 toilets, sinks, mirrors, shutting all the drapes, setting table.
i want to go by the time im 17... |
|
 What would you do if you had $500,000 right now? |
Additional Details
Ok congrats to those of you who actually mentioned investing some of the money. It's a pity it's listed 'LAST' in most cases. Saving for ... |
|
 Question about getting my SSN card... please help! |
| I don't have one, though I know my SSN by heart. I'm seventeen-years-old. Am I able to get a job without my card? Where would I be able to get one? Would I need my parents permission to get ... |
|
 How do I get out of debt? |
1. I have 5 thousand dollars of credit card debt.
Compared to other 27 year olds, do you think I have an outrageous amount of credit card debt?
I live at home. I do not have a ... |
|
 Scottish money? |
| My brother was given some money for his birthday sent in card but they sent scottish money my nan says that i can use it in Uk stores is this true?... |
|
 How long takes it take? |
| I put a cheque in The woolwich Building Society on Saturday morning, does anybody know how long it takes for a cheque to clear?... |
|
|  |
Judy | If banks need money, why don't they just pay higher interest in their cd's? |
|
 |
 
xaxorm
 |
They don't need money, they have our $800B. They need to start lending money. We gave them money so they wouldn't go under like they did during the great depression. |
|
beautifulNHmomma
|
Because noone thinks like you do....super kewl! |
|
Sweet Pea
 |
due to the economy, rates are dropping for everything. once things get better, interest rates will rise. |
|
dilloa91
|
Never thought of that. What state do you represent? We need to vote you into senate. Finally somebody with an idea that might actually work. |
|
Joe S
|
that is an increase in an expense which would lower there profits plus if all the banks were able to do this it would not create more money as all the savings would already be invested. |
|
Bart M
|
they don't need to do it. They get $ from very cheap from Federal Funds rate. |
|
Penguin Online
|
If banks don't have a lot of money to lend - then no one borrows so interest rates have to be low. When interest rates are low everyone wants to borrow, but no one wants to put their money in the bank. When long term investment is low no one puts their money in long term interest bearing deposits because the interest is so low they buy rather than save. |
|
S.A.M.
|
They don't want to show the real picture of economy & international currency.
May be government or institutions pressure & limitations. |
|
MVD34
|
Although it is a nice idea and some companies are doing just that, the problem is really much later than that.
The banks are basically insolvent (bankrupt) and no one will loan them a large enough amount of money to make a difference.
It looks like BOA, for example, has borrowed something close to $60 billion from the government in last few months. At $10,000 a cd they would have to get 2 million people to open new accounts for a couple months in a row to raise that kind of money. (a) Do you have that kind of money to lend them? (b) Do you think anyone is going to lend them more than the FDIC limit?
That is why the idea is a good one, but it really isn't practical given the scope of the problems in the system at the moment. |
|
John M
|
because they don't have any investments that pay enough to be able to pay the depositors the higher interest. |
|
David M
 |
Paying out a higher interest rate equates to banks paying out more money so they'll have less in their pockets. It would be like your borrowing money (getting money) to buy a home or a car. If things are tight and you need more and the borrower said, OK give me a higher interest rate and I'll give you more money. Well you're already strapped, the last thing you could afford is to pay a higher interest rate on a higher outstanding balance. You just couldn't do it. Banks may need more money. But they can't afford "high cost" money. |
|
laughalotprayalot
 |
The way I was told, is a cd is like a savings account, you can take it out anytime and lose only a quarters interest penalty. But when you have a larger amount of money, IRA, they wont' let you take it out so they pay higher interest, knowing that you can't take it out.
Because we are in hard times now, too and look at all stuff, low, low, low, low,low.
Good time to buy a hse if you have cash too. |
|
Daniel C
 |
because then ppl wont put there money there duh |
|
Honda56
|
Banks don't determine their interest rates, the interest rates are 99% determined by the federal reserve and the banks adjust their interest rates accordingly to what the fed has set the prime rate at! The Fed determines the Prime rate by assessing the status of the economy if the economy is bad rates are low if the economy is good rates increase to prevent inflation. it is a very delicate balance! Right now banks need to loan money not take put it into savings accounts |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 32 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
13 | 7 hour(s) ago
| | | |
14 | 9 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
13 | 5 day(s) ago
| | | |
14 | 2 week(s) ago
| | | |
14 | 3 week(s) ago
| | | |
14 | 1 month(s) ago
| | | |
14 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
