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High interest rates discourage people( )borrowing money. from

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    High interest rates discourage people( )borrowing money.from

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    an below.High Interest: Higher on Large amountOur rates on certificate of deposits are among the best in the industry. The rate may vary on day-to day basis. For CD’s of above $250,000.00, the interest is simple i.e not compounded; therefore, annual percentage yield is same as annual interest rate. The interest is payable on the day of maturity of deposit. Interest paid during the year is reported to Internal Revenue Services. For today’s rates please refer to Current Rates of Interest on STAR

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