4 ms·
What interest rates do rich people like him get? Is the concept of charging interest still valid at that level or is it all bartering of favours?
by adtac 8y ago
What interest rates do rich people like him get? Is the concept of charging interest still valid at that level or is it all bartering of favours?
- tomatocracy 8y agoI couldn't tell you what interest rate he's likely to pay but in general in this situation, there is interest. Whoever lends him the money has their own cost of funds and admin costs to cover at a minimum, even if they view repayment as close to zero risk because the collateral is very good.
- bdonlan 8y agoYou can get an upper bound by looking at published interest rates for brokerages, e.g.: https://www.interactivebrokers.com/en/index.php?f=1595 https://www.interactivebrokers.com/en/index.php?f=1595
- toomuchtodo 8y agoYou can easily reach 1% or below at that asset level. It’s effectively free. You can also negotiate a payment plan with the government, depending on your financial situation.