How To Stay On Top Of The Latest Interest Rates With Social Media

December 4, 20130 Comments

Interest rates affect our lives in many ways. They determine how much money we earn when we put our money into a savings accounts or a Certificate of Deposit. They also tell us how much more money we will owe on our credit card bills if we do not pay them off in time. And interest rates also determine how comfortable we will be with our monthly payments on large purchases, especially houses and vehicles. But because interest rates are constantly changing, it can definitely be difficult to keep up with where the rates are going and determine whether it is the best time to make purchases or sell property.

Putting Social Media to Work for You

Thankfully, though, you can use the same social media pages that you spend the majority of your time on to find the latest news on interest rates, as well as other important information on what the biggest financial institutions and lenders are up to. Below are a few tips to help you get started so that you can begin following the right social media pages to always stay on top of what is happening in the world of banking and finance.

Follow Your Favourite Banks

If there are certain banks that you trust more than others, try to find their pages on your favourite social networks, such as Facebook and Twitter. You will be surprised by how many of them are taking advantage of these sites in order to stay in touch with their current customers, entice old customers to come back, and lure in new customers all at the same time. Even small, local bank branches can be found on social media. Many times, these banks will offer helpful tips and advice and will also make it a point to let you know about the best interest rates they offer so that you can invest your money with them and they can continue to be successful.

Find Reputable Mortgage Lenders to Follow

Another great way to stay on top of the latest interest rates, no matter where you live, is by following the social media pages of reputable mortgage lenders and other lending groups. These individuals work hard every day to provide individuals and businesses with the finances they need to continue to thrive and succeed in the competitive workplace, so they are often discussing interest rates, as well as the impact that changing rates will have on buyers and sellers.

Discuss Important Financial Topics with Like-Minded Individuals

Finally, you can use social media to simply connect with like-minded individuals who can help steer you in the right direction when it comes to making the best financial decisions for your family. Seek out pages that are run by famous financial advisors to get the clearest information and advice.

When it comes to staying on top of interest rates, especially if you are in the market for a new home, use social media to help you. In addition to getting the latest news, if you follow the right pages, you can also gain valuable insight and tips.

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Nancy Baker, the author of this post, is a freelance blogger. She loves providing social media tips. You can follow her on Twitter @Nancy_Baker_.


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About the Author ()

Nancy Baker, the author of this post, is a freelance blogger and writes blog posts for Benson Mortgages, a provider of the best mortgage rates. She loves providing social media tips. You can follow her on Twitter @Nancy_Baker_.

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