Credit Union Forms: Interest Rate On The Rise
The Federal Reserve announced in December that they will raise the interest rate for the first time since the recession. Returns on savings accounts and CD yields will increase along with lending rates for home mortgages. Some items, however, will remain almost unaffected such as auto loans and checking accounts. The decision to raise interest is due to job growth and a good outlook on the economy’s recovery. This recent change will have no bearing on whether or not your forms from Oak Tree will be in compliance. It’s the primary thing we do to make your job easier.
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