by Guest Writer Jason Gluckman:

When looking at historical CD rates, it is apparent that some trends have remained constant. Generally, institutions that offer certificate of deposits grant higher rates of interests on their CDs that customers deposit money for the agree-on term than those on the CDs in which customers can withdraw the money on demand.

For instance, during 2004 most of the popular banks in the world had offered 0.4% annual rate of interest on saving account deposits which are payable on demand, 0.8% on a 3-month CD and 2% on a 2-year CD.  When studying historical CD rates, the trend indicates that over the last 30 years the rates of interest were ranging in between 2-16% annually. During 1979, the average rate of interest on CDs was 11.44% worldwide. (See also HDFC Bank housing loan rate.)

This was the rate before considering tax rate and inflation rate. During the same period, those rates were 66% and 13% respectively, which in turn left the net rate of interest of CD as 9.41%.  In 1981, the CD rate was almost 16% and in which year the tax rate and inflation rate were 66% and 9%. All of these factors have kept the net rate of return on CD as 3.5%. During the year 1986, the gross rate of interest was only 6.6%.

However the tax rate and inflation rate were comparatively low which were only 52% and 1.1% respectively. Therefore there would not be more deductions from rate of return on CDs resulting in the net rate as 2.02%.  Whatever the previous rates may be, one can say that billions of dollars have been invested in CDs during the 20th and 21 centuries.  Don’t forget to check out Axis Bank home loan interest rates here.

When deciding on whether to invest in a CD or to go for other sources of investment, Investors need to take their goals and the rate of return into account.

home equity loan rate man asked:

I have a project where I have to find the interest rates of different banks (eg. POSB, OCBC, HSBC).

Can anyone please give a detailed description of the private housing loan packages they have?

Please state the interest rates in your answer, and try not give me websites. Thanks!

By Guest Writer David Lee Hudson

If you require cash and wish to secure it against collateral, such as your house then a secured loan could be for you.

It is possible to borrow against other items, such as a car. Secured Loans for home owners who wish to borrow a large amount of money, over a long period of time – they can also be well suited to people who have a questionable credit history.

Loans for home owners provide a good way to borrow against the value of your house. It is very common these days for companies to provide Secured Loans for home owners.

Significant Market Growth

All over the world and particularly in recent years the secured loans for home owners market has grown and analysts believe that the market could be worth as much as 10.6bn by 2011 (even in the Indian market this is true.  See cheap home loans in India for more information).

A number of factors will determine how much money you can borrow, and the terms under which you can borrow. Some of these may include employment status, equity level, income, credit rating and so on.

The phrase “secured loan” may lead you to believe that there is a level of security for themselves. This actually refers to the lender having security, who is able to reclaim the cost of the balance of the loan from the property – should the borrower be unable to pay.

Do Your Homework

It is important to think carefully before getting a loan, as this type of loan is secured against the property. Secured loans are long term borrowing. The lender has the legal right to reclaim the balance of the loan from the property should you be unable to keep up repayments.

The advantages of a secured loan over an unsecured loan are that the rate of interest is usually lower. In addition to this, they are often suitable for people who have a poor credit rating due to the fact that the loan is secured against an asset and therefore is lower risk for the lender. If you have a less-than-spotless credit history then this could be the loan for you.  You may even find a zero down interest only loan if you’re very fortunate.

Find An Online Comparrison Site

There are many online firms and banks offering loans for home owners. Often it can be time consuming filling out form after form, trying to find the best deal. A more popular way to compare loans is to use an online comparison site or broker who will find the best offers for Secured Loans for home owners. The advantage of finding a loan this way is that you will only have to fill in one form and you will be able to compare multiple companies for the best deal. This is likely to save you many hours of research.

Reader Question

Colorado Girl asked:

Is there a way, a chart or a website that can help me make a comparison between a 60 and a 72 months loan with a different interest rate?