Bank Rate

Definitions (2)

1. The interest rate charged by a bank for loans.
2. The discounted interest rate at which a central bank makes loans to a national bank. See Federal Reserve.

Use Bank Rate in a sentence

You should always shop around to make sure that you are getting the best bank rate that you can get.

​ Was this Helpful? YES  NO 4 people found this helpful.

The Bank Rate for a business loan was at 9% and Charlie was concerned that taking out a loan with such a high rate could jeopardize his future profits.

​ Was this Helpful? YES  NO 2 people found this helpful.

When the bank rate increased, the small credit union had to decrease the interest rate it was paying to it's customers on their deposits as their costs rose.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Related Terms

Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bank pool loan bank rate monitor index