eHow launches Android app: Get the best of eHow on the go.
Short-Term Financing Tips
Prime Interest Rate Tips
Pension Plan Tips
Repossession Tips & Advice
Real Estate Escrow Advice
How to Lower Electric Bills
How to Lower Gas Bills
Energy Conservation Tips
VOIP VS Home Phone
Homestead Tax Paying Tips
Tips on Commercial Paper
Accounts Receivable Financial Tips
Bank Guarantee Loan Tips
Bank Loan Lien Tips
Contract Tips & Advice
No-Load Funds & Investments
Index Funds & Investments
Keys to Financial Investment Success
Dividend Tips & Advice
Power of Attorney Tips & Advice
Power of Attorney Revoking Tips
Forms of Powers of Attorney
Revocable Trust Tips & Advice
Venture Capital Tips & Advice
Home Equity Rate Tips & Advice
Summary: The government sets the prime interest rate, and banks increase it depending on the person they are loaning the money to. Better understand the way banks decide on the individual interest rates to loan out money with advice from an experienced businessman in this free video.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
How to Shave Armpits
How to Shave the Back & Shoulders
How to Shave the Chest
How to Shave the Groin Area
How to Shave Your Head
How to Prepare the Face for Shaving
How to Shave Your Face
How to Shave Tricky Areas on the Face
How to Shave a Chinstrap
How to Shave a Goatee
How to Maintain Sideburns
How to Shave a Soul Patch
How to Trim & Shape Facial Hair
How to Maintain a Razor
"This is financial adviser Patrick Munro talking about what does prime rate mean. Basically a financial institution is based on interest rates, the secretary of the treasury sets the interest rates based on the prevailing U.S. treasury rates. And of course that is based on the overall health of the economy. There's a certain interest rates that the treasury lends to banks, and that is called the prime rate. Then the banks of course will add interest rates on top of the prime rate based on your particular credit that you would have. So essentially that's where we're at with this particular situation, there's a prime rate plus, there is the interest rate premium that you have on top of that. That's Patrick Munro financial adviser talking about the benefits of prime rate and what it is going for in the financial institutions."
eHow Article: Prime Interest Rate Tips
Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy. en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
