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Home > Business & Finance > Gross and AER intrest rates

Gross and AER intrest rates

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lukey121 | 09:26 Fri 10th Feb 2006 | Business & Finance
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Can some explain what these two types of intrest rate are?
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Gross just means that interest is paid without deduction of income tax.


AER is a standard way of expressing the interest rate to allow easy comparisions, so that for example the differences made by the frequencies of payment (monthly, quarterly, yearly) are ironed out.

11:03 Fri 10th Feb 2006

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