Loan

Line of Credit: prime rate, base rate, variable rate

Friday, August 14, 2009
By Ryan A. Smith
2 Comments
Line of Credit: prime rate, base rate, variable rate

Recently, I went to Bank of Montreal to apply a line of credit. I thought the prime rate was pretty low currently at 2.25%, so perhaps it would be a good time to apply for LOC. However, I was wrong. When I got the reply from BMO, the financial officer told me that if I... »

Feature Story

Canadian High Interest Rate Savings Accounts

By Ryan A. Smith

Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking... »

Top Financial Stories

Most Viewed Articles

Recent Articles

Recent Comments

  • Tim: You should double check your numbers because they MAY be fla...» more
  • Mitch: We are 2 adults & very active (high calorie needs). We s...» more
  • Lorraine: We're a family of 3, with one young child (7 years old). We ...» more
  • James: Great information! I'm a manager in a BC hotel and they pro...» more
  • Karen: Can you please post a link to the health canada report cited...» more
  • Anita: I was curious how I fare against the average BC couple. The...» more
  • Belinda: Thanks for the stats. I am most interested in these response...» more
  • Fernando: I've been tracking all my monthly expenses for years. We are...» more
  • Mark: Is household income reported in 'gross' dollars??...» more
  • Legion: I'm a single guy. I don't eat out at all. Grocery bill is ...» more

Recent Commented Articles

Most Commented Articles

Random News

Tag Cloud