Meaning of “bank interest” in the English Dictionary

"bank interest" in Business English

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bank interestnoun [ U ]


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)