Interest on the foot

Interest is a compensation that a person or institution receives for lending money. Interest is paid by the borrower of the money. Consumers receive savings interest or pay interest on an account with a bank, also called debit interest. You can save money by keeping track of interest rates. Comparing interest has become easier because you can do this online.…

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What is a money reserve?

The end-of-year period is not only a busy but also an expensive period for many people. Even if you do not go on holiday, there are often gifts, parties and annual bills that have to be paid. Just think of due dates for insurance policies (for tax reasons), for example. If you do not have the required savings, you should…

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Interest rate loans

Lenders have different ways to get money. They can offer customers the opportunity to open a savings account and then lend the money on them to others. Another possibility is that they borrow money from investors themselves or, for example, from the European Central Bank. This therefore also costs the lender himself, because they too must repay their loan with…

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