Key Rate

It’s the rate that determines what banks charge on loans. You like low key rates when you’re borrowing money for investing in starting your own business or paying down your credit card. Conversely, you actually prefer high key rates when you’re being more responsible with your spending and putting your money in a savings account because that means you’ll get more interest on the money you put into the bank.

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2017-12-13T14:43:56+00:00

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