The phrase
"interest on the money" refers to the amount of interest that is earned or charged on a sum of money over time.
Full definition
Similarly, I have always directly deposited my paycheck into a savings account so that I could
earn interest on my money before paying bills.
During the term, you earn
interest on your money at a guaranteed rate with the flexibility to withdraw funds and change investment options at any time.
You can also lose money on your money market account by withdrawing more often than the stated monthly allowance, and also by losing
interest on the money withdrawn.
That way I can keep
gaining interest on my money and using it to benefit me rather then the credit card companies get interest off of my money.
The added time for the compounding to work enables your original investment to grow significantly more than would have been the case if you had received
simple interest on the money.
Costs of a reverse mortgage Because a reverse mortgage is a loan you will be charged closing costs,
interest on the money borrowed, and a servicing fee.
A fixed annuity guarantees a minimum rate
of interest on your money and you receive a fixed number of payments from the insurance company.
Your first loan will come with a fixed rate and you only pay
interest on money used for construction, not the entire loan amount.
I get the feeling I should sit on cash for the next big downturn but I don't like
paying interest on money that's not working.
While I love to
earn interest on money sitting in my checking account, they don't provide the best rate for checking accounts.
It also has a 26.24 % variable APR for cash advances, and when you use this card to get a cash advance, you start paying
interest on that money right away.
The fall in interest rates is also hitting councils - with income from
interest on money deposited by local authorities expected to fall by 44 per cent or # 600m in the next financial year.
Phrases with «interest on the money»