2006-09-22 20:42:54 · 7 answers · asked by BlackPantherNightmare 2 in Business & Finance ➔ Credit
CD rates are set by the amount of money you are willing to allow the bank to hold.
2006-09-22 20:52:09 · answer #1 · answered by King Midas 6 · 1⤊ 0⤋
no - interest rates are the same for each person. Banks get audited on this by their federal regulatory agency. If a bank was ever caught doing this, they'd be out of business.
2006-09-23 02:16:10 · answer #2 · answered by Anonymous · 1⤊ 0⤋
NO! They are not allowed to! Its called the ECOA- equal credit opportunity act and RESPA- that is discrimination. The ECOA states that banks and lenders can not discriminate against race, creed, ancestry, sex, age, marital status, or religion.
2006-09-22 20:53:12 · answer #3 · answered by teresaannburr 3 · 1⤊ 0⤋
Interest rates are based on your credit not the color of your skin. I have bad credit so I know I would have high interest rates. Tiger Woods or Will Smith on the other hand....you get the idea
2006-09-22 20:46:32 · answer #4 · answered by Anonymous · 1⤊ 2⤋
stop playing victim
2006-09-22 22:43:18 · answer #5 · answered by Anonymous · 2⤊ 1⤋
No.
2006-09-23 01:13:21 · answer #6 · answered by NETTA M 3 · 1⤊ 0⤋
Yea they do, especially those internet banks that cannot see what you look like ... duh
2006-09-22 22:29:15 · answer #7 · answered by s_w_i_n_g_t_r_a_d_e 1 · 1⤊ 1⤋