Interest Rates and the Value of Money

Interest rate is a charge or income depending on whether you are depositing the money in a bank, borrowing, or lending.

Banks offer interest at the rate of 2-3% when you deposit money in a bank account..(subject to market change)

This rate varies from one bank to another.

Want to know how much interest you are earning?

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Learn more about Interest Rates in guides on Loans and Investments

To know more about inflation and value of money, read on