Total assets = Total liabilities + Equity. The balance sheet is one of the key elements in the financial statements, of which the other documents are the income statement and the statement of cash flows. A statement of retained earnings may sometimes be attached.
A variable interest rate is just what it sounds like: an interest rate that varies over time. Itâs the opposite of a fixed interest rate, which remains the same over time. Variable interest rates are generally used by financial institutions to move the rates on their products up and down as the market conditions change.
Finding the best fixed rate bonds. What are fixed rate bonds? Fixed rate bonds, also known as fixed rate savings bonds or fixed rate savings accounts, usually offer a higher interest rate than instant access savings accounts, in return for locking away your money for a set period, usually between one and five years.