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4 answers

the bank does determine the interest rate for all of its products on its own, so if you are not set on going with a particular bank, then shop around for the best interest rate. If you are determined to go with a certain bank, but find a better rate elsewhere, let your bank know because they will usually match it for you.

2006-07-27 12:04:00 · answer #1 · answered by Anonymous · 1 0

Yes.

They will offer different rates for different durations.

For example my credit union currently offers these rates:

4.90% APY fixed 3 months
5.00% APY fixed 6 months
5.10% APY fixed 12 months
5.05% APY fixed 24 months
5.10% APY fixed 60 months

With rates like these where there's not much reward for a longer period it would likely be better to go for a shorter term because rates are almost certainly going to rise.

2006-07-27 19:04:02 · answer #2 · answered by frugernity 6 · 0 0

The bank makes an offer based on many factors that influence their business. You can take the offer or leave it. I do not believe it is negotiable other than time frame.

2006-07-27 19:05:46 · answer #3 · answered by The Advocate 4 · 0 0

Yes, and you must shop around. Do not be loyal to one particular financial institution. By shopping, you might be able to pick up a point or more in interest.

2006-07-27 22:59:36 · answer #4 · answered by homerunhitter 4 · 0 0

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