The phrase "teaser rate" refers to a low introductory interest rate that is offered by lenders or banks to attract customers. It is usually temporary and will increase after a certain period of time. Full definition
A: Be cautious of policies offering to start your coverage with low teaser rates (some as low as $ 1). (termlifeadvice.com)
Offers with these types of teaser rates are not good for students that do not have the restricted capabilities of paying even the smallest of credit card balances. (choicepersonalloans.com)
These lenders will lure veterans with teaser rates, such as two months free from payments or lower short - term floating rates. (valueinsured.com)