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🌱 Basics
Interest rate
“The price of using money — either what you earn on savings or pay on debt — expressed as a percentage.”

Rent on money. You rent yours out (savings), or pay rent on someone else's (loans).
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Real example
A 5% savings account: lend €100 to the bank, get €105 back in a year.
Related terms
⚠️ Educational only · Never financial advice · Read more