No one. Interest is the price of credit and, as in any competitive market, prices are determined by supply and demand. The Federal Reserve — the nation's central bank — auctions the securities on behalf of the U.S. Treasury. The securities go to the highest bidders. … Back to Article
Discounts & Benefits
From companies that meet the high standards of service and quality set by AARP.
Members save on first-year membership fees to AARP® Roadside Assistance from Allstate.
Credit safeguards with AARP® Credit and Identity Theft Protection from TrustedID®.
Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.
Join or renew today! Members receive exclusive member benefits & affect social change.