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English definition of “bank interest”

bank interest

noun [U]     BANKING, FINANCE
interest that a bank pays to its customers on money in their accounts : You will have to pay taxes on any bank interest you receive .
interest paid on money borrowed from a bank : The recent rise in bank interest rates makes it hard for small business owners to borrow the money they need.
(Definition of bank interest noun from the Cambridge Business English Dictionary © Cambridge University Press)
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