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ING Prime Rate Trust was the first Fund to invest in a portfolio of floating rate senior bank loans. The Trust seeks to provide as high a level of current income as is consistent with the preservation of capital. The Trust is managed by ING
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February 12, 2013 Syndicate Bank, on Monday, announced a cut of 25 basis points in its base rate to 10.25 per cent with effect from February 13...Tamilnad Mercantile Bank reduced its base rate by 25 basis points to 10.75 per cent from 11 per cent,
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January 28, 2013 IRA Financial Group, the leading provider of self-directed solo 401(k) Plans, announces that in 2012 it helped its clients unlock over $100 million in retirements funds tax-free and penalty free via its http://www.
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Index This WeekLast MonthYear Ago WSJ Prime Rate 3.25 3.25 3.25 Federal Discount Rate 0.75 0.75 0.75 11th District Cost of Funds 1.011 1.038 1.218 Source: bankrate.com; 11th district, Federal Home Loan Bank of San Francisco ; latest figure is for
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M.T., Jenks The Bankrate.com website says the "federal funds rate" is the interest rate at which banks and other depository institutions lend money to one another, usually on an overnight basis. The law requires banks to keep a certain percentage of
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Elaborate reward programs and other perks are nice, but you shouldn't let them distract you from what really matters. What most of us need is a card with consumer-friendly terms, the fewest possible fees and lower-than-average interest rates. Now's
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Rating Commercial banks are yet to agree on a standard of disclosing the total interest rate they charge on loans in what could delay implementation of competitive and transparent policies expected to help reduce the cost of lending. The industry
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Rating Those seeking to borrow will have to wait until next month to start enjoying cheaper credit. Last week, the Central Bank of Kenya (CBK) moved to avert an economic meltdown after it cut its indicative lending rate to 16.5 per cent, the first in
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The new rate is the lowest since data on the prime rate became available in January 1966, when the lender was called Industrial Bank of Japan, one of the three banks that later established the current Mizuho group. The rate of 1.25 percent was also
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H DFC Bank has decided to cut its benchmark lending rate by 0.2 per cent, making loans cheaper for borrowers. Bank [ Get Quote ] will become 9.8 per cent from the existing 10 per cent, sources said. At the same time, the benchmark prime lending rate
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