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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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