Richard Samans
2026年5月12日
What Are Interest Rates And How Do They Affect You
‘Interest’ is the cost of borrowing money, usually expressed as an annual interest rate. For example, if you borrowed $100 at 1% interest, after a year, you’ll owe $101. And when you save money in a bank, the bank usually pays you interest. Also, if you have debt, savings or a mortgage, interest rates will affect you. Here’s more on what are interest rates and how they affect you.
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