Banks use high-yield online savings accounts because they have less overhead cost, as well as to draw people to lend their money at higher interest rates to other individuals to make a profit. Better understand what interest rates and loans are and the terminology to go along with them through tips and advice from an experienced financial adviser in this free video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Keywords: personal finance, finance, loans, money, assets, liabilities, debt, wealth, interest rate, investing, mutual funds, savings account, checking account, roth ira
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