Definition Interest rate
English vocabulary and translations (See all our English vocabulary translation)
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an interest rate: a percentage of a sum of money, usually on a savings account or a loan
My savings account has an interest rate of 3%
- "We understand your needs, and offer a competitive interest rate on your money."
- "Sam : You're concerned about the interest rates on your outstanding loans."
- "Bruno : My other major concern is the interest rates on our outstanding loans."
- "I have your loan applications right here, and if you look at the section marked 7b, you can see that the interest rates increase at the current market rate."
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