interest rate

1. 1.

   the percentage of a sum of money charged for its use

   Synonymsrate of interest

   Broaderrate

   Narrowerdiscount ratebase rateprime interest rateusury

Questions about interest rate

What does interest rate mean?

interest rate means "the percentage of a sum of money charged for its use".

What is another word for interest rate?

Close synonyms include rate of interest. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is interest rate a common word?

interest rate is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.