Quote:
Originally Posted by Mrprez
Very few people are paying 6%. Do the research, it isn’t that hard.
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Over 10 CDDs with over 40 different amortization schedules each... sure, not really that hard but I sure don't have the time or inclination to calculate 400+ interest rates.
For mine, the pure interest rate seems to be 5%. However, that isn't all I pay. When I add in the Admin fee I get an effective interest rate of 5.5%. Still not quite 6% unless you round but since the Admin fee is the same every year, the effective interest rate will increase a small amount every year.