But these are adjustable - rate loans based on the prime rate — the floating interest rate banks charge their best commercial customers — plus an additional fixed rate. (interest.com)
A CD is a low - risk, fixed interest rate bank deposit account that increases the interest rate the longer the term of the CD. (mybanktracker.com)
The real interest rate the borrower is paying is 1 %; the real interest rate the bank is receiving is 1 %. (investopedia.com)