FINANCIAL INSTITUTIONS Credit card: An individual or a business that accepts payments for goods or services.
Banking institution: A business that has a physical presence in the United States.
Bank: A financial institution.
Credit card issuer: A bank that issues a credit card.
Credit rating: A credit rating given by the Federal Reserve Board.
Banks charge fees on their credit cards.
Interest rate: The interest rate on a loan, typically based on the amount of money borrowed.
This is the rate charged on the loan.
This rating is used to set the interest rate for the loan and determine the interest amount.
Interest on credit card accounts can range from 0.00% to 15.00%.
Consumer savings: The amount that a consumer can spend on a credit or debit card each month.
Interest rates are calculated on a monthly basis and are generally lower than other interest rates.
The Federal Reserve is required by law to establish interest rates for credit cards, and the Federal Deposit Insurance Corporation, a branch of the Federal Government, determines whether the rates for certain credit cards are reasonable.
You can use the website www.federalreserve.gov/creditcard to find the credit card rates that you can get on your bank account.
Credit union: An association that collects dues from members to operate credit unions.
Federal Credit Union Association, the largest credit union in the country, is a member of the National Association of Credit Unions.
Federal Reserve Bank: The U.S. Federal Deposit Service (FDIC), which supervises banks and credit unions in the U.s.
Consumer Price Index (CPI) is a monthly, national average of consumer prices for goods and services.
Interest charges are calculated by subtracting the price for goods sold by the business or agency from the price paid by the consumer.
Consumer price index is calculated by averaging the price of a basket of goods and using a weighted average.
The CPI does not include items such as gas, food, or transportation, and does not provide a reliable index of the costs of goods.
Federal reserve bank is also known as the Federal Open Market Committee.
This index includes interest rates on the dollar.
For more information, go to www.fdic.gov.
Credit Union: A non-profit organization that collects fees and dues from customers to operate its own credit union.
The most popular credit unions are American Express, Mastercard, and Discover.
A member can be an individual, a business, or a partnership.
The term credit union also includes credit unions, thrift savings associations, retirement savings associations and mutual funds.
Credit unions have the right to charge fees for credit card, debit card, and other services, including loan interest, ATM fees, and a fee for customer service.
Some credit unions also have the ability to charge higher interest rates to customers if they choose to do so.
Credit cards: An electronic payment method that allows customers to make payments on a single electronic device.
There are two types of credit cards: cards that are debit cards and cards that can be used for personal or business transactions.
Credit Cards: An American Express card that can only be used to make purchases at certain merchants.
Discover® card that allows the purchase of goods, services, or other goods at certain retailers.
Visa® card, which can be accepted for payments at merchants in the Visa family of cards.
Visa Signature® card is used by most credit cards and is the most popular.
Bank accounts: Accounts that provide direct deposits to individuals, businesses, and institutions.
Bank account: A direct deposit account, usually with a bank, to make deposits or transfers to another financial institution or to a financial service provider.
Money market account: An account that allows a customer to make small payments over a short period of time.
Bank balance: The balance held by the bank at the end of the month.
Bank loan: An agreement between two or more financial institutions to make loans to one another for a period of up to 24 months.
Bank term deposit: An investment that a bank makes to pay interest on a debt it holds.
Credit Card: An international credit card that offers the ability for consumers to pay for goods, personal services, and merchandise with cash or a debit card.
Consumer credit card: A type of credit card where consumers make payments through the use of their phone, computer, or Internet browser to make online purchases.
Consumers can also use credit cards at retail stores and online to make purchase purchases.
Consumer loan: A loan made by a consumer that is repaid by the borrower.
Consumer savings account: Credit that can allow consumers to make repayments in cash or with a debit account.
Federal Housing Administration: The Department of Housing and Urban Development, which administers the federal Housing Choice Vouchers program.
Federal Home Loan Mortgage Corporation: A federal agency that provides financial assistance to low-income borrowers.
Federal housing loan: The government-sponsored mortgage program that allows borrowers to make down payments on mortgages.
Federal student loan: This is a federally-insured loan that