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  2. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    The German Bausparkassen (savings and loans associations) reported nominal interest rates of approximately 6 per cent per annum in the last 40 years (as of 2004). Bausparkassen are not identical with banks that give mortgages. In addition, they charge administration and service fees (about 1.5 per cent of the loan amount).

  3. Annual percentage rate - Wikipedia

    en.wikipedia.org/wiki/Annual_percentage_rate

    The term annual percentage rate of charge (APR), [1] [2] corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), [3] is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, [4] etc.

  4. Revolving credit - Wikipedia

    en.wikipedia.org/wiki/Revolving_credit

    A revolving loan provides a borrower with a maximum aggregate amount of capital, available over a specified period of time. Unlike a term loan, the revolving loan allows the borrower to draw down, repay and re-draw loans on the available funds during the term of the note.

  5. Rotating savings and credit association - Wikipedia

    en.wikipedia.org/wiki/Rotating_savings_and...

    A more complete version of a savings club for buying vehicles launched in the United States on 2022. savings.club enables users to join clubs administrated by the company and leverages on credit card payments and rates much lower than traditional auto loans. [17]

  6. 457 plan - Wikipedia

    en.wikipedia.org/wiki/457_plan

    The Small Business Jobs Act of 2010 enabled 457(b) plans to include Roth accounts, which were previously only available only in 401(k) and 403(b) plans. This change took effect January 1, 2011. Contributions to Roth accounts are made on an after-tax basis, but distributions of both principal and earnings are generally tax-free.

  7. Tax-exempt special savings account - Wikipedia

    en.wikipedia.org/wiki/Tax-exempt_special_savings...

    TESSAs were replaced from 1999 by Individual Savings Accounts (ISAs). The final TESSAs matured on 5 April 2004, and the original capital (but not the tax-free interest) could again be 'rolled over' into a new income-tax-free investment, a TESSA-only ISA (TOISA). This was a form of cash ISA that could be opened using either capital that was ...

  8. Registered education savings plan - Wikipedia

    en.wikipedia.org/wiki/Registered_Education...

    The Canada Education Savings Grant (CESG) is provided to complement RESP contributions, wherein the government of Canada contributes 20% of the first $2,500 in annual contributions made to an RESP. After changes introduced in the 2007 Canadian federal budget , the government may contribute up to $500 per year to a participating RESP, to a ...

  9. Chime (company) - Wikipedia

    en.wikipedia.org/wiki/Chime_(company)

    Chime Financial, Inc. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free [4] [5] mobile banking services. The company offers early access to paychecks, negative account balances without overdraft fees, [2] high-yield savings accounts, [5] peer-to-peer payments, [6] and an interest-free secured credit card. [7]

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