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interest rate

interest rate

415 2.3
The extra money you pay when you borrow or receive when you save each year
  • noun
  • /ˈɪntrəst reɪt/
  • Specialized
translation icon : tipo de interés (España)
  • This is how you calculate interest rates on mortgages.
  • high interest rates
  • low interest rates
  • raise interest rates

I think the Fed cut interest rates during that.

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Examples

  • Monthly payments rise more sharply when interest rates go up.

  • The Fed is also supposed to boost employment with low interest rates.

  • And I want to lock in the interest rate now, OK.

  • At the same time, interest rates are going up.

  • If you increase interest rates, two things happen.

  • We just raised our interest rates.

  • I think the Fed cut interest rates during that.

  • So first, are massive interest rate cuts coming?

  • With the forecast of rising interest rates...

  • If the interest rate rises, borrowing money will become more expensive for homeowners.

Synonyms

rate
vsinterest rate
2.1

The price charged for something often per hour or unit

is specifically about yearly percentage for using money
rate of interest
vsinterest rate
5 3.2

Percent a bank charges for borrowing money each year

covers both borrowing and investing usage of money

How High

usurious
  • Specialized
1 9.9
high-interest
12 4.2
interest rate
  • Specialized
415 2.3
low-interest
  • Specialized
33 3.4

Surface Forms

interest rate singular

Morphology

interest + rate

The meaning 'the percentage charged or paid for the use of money' is directly derivable from combining 'interest' (payment for borrowing or income from lending) with 'rate' (a charge or price per unit/time). This compound follows a transparent, cross‑linguistic financial naming pattern and would be readily understood by a B1 learner who knows both constituents.

Etymology

Interest rate comes from the simple idea of paying extra for using money: interest is the extra payment and rate is the percent you pay or get in a year, so together they tell how much you pay or earn for the 'use of money'.