Definition of «money on interest»

The phrase "money on interest" refers to earning money through the accumulation of interest on an investment or savings account. When someone puts their money into a financial instrument that pays interest, they are essentially lending their money to the institution for a certain period of time in exchange for receiving regular payments of interest. This can be a way to grow one's wealth over time as long as the interest rate is favorable and the investment or savings account remains secure.

Usage examples

I decided to invest my money on interest by opening a high-yield savings account.
Instead of keeping my savings in a regular checking account, I opted to put my money on interest in a certificate of deposit.
My friend advised me to lend my money on interest to a peer-to-peer lending platform for higher returns.
I am planning to invest my money on interest in stocks and bonds to grow my wealth over time.
By purchasing government bonds, I'll be putting my money on interest in a secure and stable investment.

Phrases with «money on interest»

Sentences with «money on interest»

If you can pay a little extra each month, you'll bring your balance down faster and save money on interest payments over the life of your loan. (wisebread.com)
Also, if you are in a position where you can save money on interest payments by consolidating or refinancing your debt, then borrowing may be a good option for you as well. (knsfinancial.com)
This is a tremendous offer that can potentially save you a lot of money on interest charges. (rewardexpert.com)
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