Bank of America and Wachovia announced that it is lowering its prime-lending rate to 4.00 percent from 4.50 percent, followed by KeyCorp on October 30th.

The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate is often used for consumer loans such as car loans and home equity loans.

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  • burdickrobert

    There is another link under the category of personal finance but it has nothing to do with finance. If you have difficulties in making payment, you can click the link named You will have an expert helping you to fix your problems and you don’t have to go out of your home to get the service. What you need to do is to choose a button between the two “call us today” and “we’ll call you”. Don’t you think this service shows the attentiveness and consideration of the Wachovia? It’s really good in my opinion.