Laxi Dictionary

American Dictionary

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Definition interest rate in American English

interest rate noun

[countable] noun
1

the percentage that an institution such as a bank charges or pays you in interest when you borrow money from it or keep money in an account

Example

Consumers have been discouraged by high interest rates.

Example

The government has cut interest rates seven times in the past year.

Synonyms and related words
APR a run on something balance
Definition interest rate in American English