Periodic rate of interest

The total interest for any given period - for example 0.014% per day. The given period may be less than one year, equal to one year, or more than one year. Another example of a periodic rate of interest would be 12.36% per two years.

Not to be confused with the effective annual rate and the nominal annual rate, which are different.

See also

• Compound interest
• Daily rate
• Effective annual rate
• Nominal annual rate
• Periodic interest
• Quarterly rate
• Semi-annual rate
• Simple interest