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Glossary   >   I   >   "Interest rate" Definition            Interest rate Rate at which funds are usually borrowed or lended The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month. The percentage rate at which interest is charged on a loan or paid on savings etc. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Interest rate - Rate at which funds are usually borrowed or lended

The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.

The percentage rate at which interest is charged on a loan or paid on savings etc.