This is not original to me, but I tell the children that they can deposit their money with me, and I will pay them 5 % interest (annual equivalent yield). (alephblog.com)
AER: AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. (postoffice.co.uk)
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. (sainsburysbank.co.uk)