Is AER a real word?
Is AER a real word?
Meaning of AER in English abbreviation for annual equivalent rate: the rate of interest that an investor will receive if they leave a particular amount of money in an account for one year: The 7% interest rate is valid for six months, and then drops to 6% for six months, making an AER of 6.5% for the year.
What is a good AER?
The best rate is 2.1% AER, from JN Bank. The next-highest rate is 2.1% AER, offered by Charter Savings Bank, United Bank UK and United Trust Bank.
What does AER mean in reading?
The Annual Equivalent Rate (AER) is the interest rate most often used for comparisons as it shows you how much interest you will earn over the course of a year taking into account bonuses, compounding and charges.
Is AER paid monthly?
Is AER Paid Monthly or Annually? Interest will be paid out in accordance with the agreement you’ve got with your bank. The AER allows you to work out what the total interest that you earn in a year will be.
What does 5 AER interest mean?
AER stands for annual equivalent rate. It lets you compare interest rates across accounts and reflects not just the amount of interest but also how often it is paid. The AERs for the two accounts are 5 per cent and 5.06 per cent, respectively.
What does AER stand for in marketing?
Annual Equivalent Rate (AER)
Is AER high good?
It lets you compare interest rates across accounts and reflects not just the amount of interest but also how often it is paid. The higher the AER, the greater the return.
What does 3% AER mean?
AER stands for annual equivalent rate. The higher the AER, the greater the return. For example, two accounts advertise they pay 5 per cent a year, but one credits all the interest at the end of the year and the other pays you 2.5 per cent every six months.
What does lumine mean?
Lumine is an obsolete verb meaning “to illuminate”. It may refer to: Lumines, a puzzle video game series.