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Steven J. Hudgins
First Vice President/ Investments
CA Insurance Lic. #0B32062
Julia C. Anderson
Senior Registered Client Service Associate
Stifel, Nicolaus & Company, Incorporated
1420 Rocky Ridge Drive, Suite 340
Roseville, CA 95661
Phone: (916) 774-3706
TollFree: (866) 498-6682
Fax: (916) 626-3313
Email: steven.hudgins@stifel.com
July/August 2023
Understanding APR
If you apply for a loan or open a savings or investment account that pays interest, the documents you sign will include the annual percentage rate, or APR. APR is the yearly interest rate charged for borrowing money or the annual interest rate earned on an investment.
The APR offered to a borrower will depend on several factors, including competing rates offered in the market, the prime rate set by the central bank, and the borrower’s credit score. Typically, borrowers with the highest credit scores are offered the best rates.
APR may be fixed or variable. A fixed APR loan has an interest rate that’s guaranteed not to change over the term of the loan. A variable APR may change at any time. Lenders may charge different rates for purchases, balance transfers and cash advances.
Consumers can use APR to compare lenders, credit cards or investment products. Do your research to find the best rates.
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Securities offered through Stifel, Nicolaus & Company, Incorporated. 501 N. Broadway, St. Louis, Missouri 63102. Member SIPC and NYSE
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