annual rate
Cost per year
Annual rate expresses a quantity—usually interest, return, or growth—as if projected over a full year.
A credit card charging 1.5% monthly has an annual rate of 18%.
Banks quote annual rates to standardize comparisons: The annual rate on my savings account is 4.5%.
Annual percentage rate (APR) includes fees; annual percentage yield (APY) accounts for compounding.
- yearlyOnce per annum
- percentageProportion out of hundred
- percentage pointAbsolute rate difference unit
- interestAttention, stake, or fee
- APRYearly borrowing cost
growth · year over year · inflation · cost of living · return · monthly · quarterly · compound · compound interest · fixed · fixed income · variable · yield · earnings · salary · dividend · premium · mortgage
- ratesroyalty, per diem, percentage, ratio, bond yield
- insurance costspremium, monthly premium, health premium, deductible, copay
- loan paymentsmonthly payment, loan payment, minimum payment, loan repayment, payment schedule
annual ratemonthly rate
Fee assessed each month
daily rate · weekly rate · hourly rate · per annum · per diem
annual, rate, annually, annuity, anniversary, biannual, perennial, rates, rated