Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
The average money market account interest rate was 0.08 percent during 2014 and 2015. The average one-year certificate of deposit interest rate was 0.20 percent and rose to 0.21 percent in December 2015. The average five-year CD interest rate was between 0.78 percent and 0.79 percent during 2014 and 2015.